OMB Pay-As-You-Go Report No. 492, 09/02/1999

OMB COST ESTIMATE
FOR PAY-AS-YOU-GO CALCULATIONS

Report No: 492
Date: September 2, 1999

LAW NUMBER: P.L.106-54 (S. 606 )

BILL TITLE: For the relief of Global Exploration and Development Corporation, Kerr-McGee Corporation, and Kerr-McGee Chemical, LLC (successor to Kerr-McGeeChemical Corporation), and for other purposes.

BILL PURPOSE: (1) Implements two different settlement agreements involving claimsagainst the United States; and (2) criminalizes the teaching and distribution ofinformation concerning explosives under certain circumstances.

OMB ESTIMATE:

	(Fiscal years; in millions of dollars)
	1999	2000	2001	2002	2003	2004
Net costs.................	52	*	*	*	*	*

P.L. 106-54 requires the Secretary of the Treasury to make payments to settle claims bythe Global Exploration and Development Corporation, the Kerr-McGee Corporation, andthe Menominee Indian Tribe of Wisconsin. OMB estimates that these payments willincrease direct spending by $52 million in 1999 because such payments would not bemade under current law. In addition, the Act makes certain actions regarding thedistribution of information related to explosives, destruction devices, and weapons ofmass destruction subject to criminal fines and penalties. OMB estimates that the effectsof this provision on governmental receipts and direct spending would be negligible.

CBO ESTIMATE:

	(Fiscal years; in millions of dollars)
	1999	2000	2001	2002	2003	2004
Net costs.................	52	*	*	*	*	*

EXPLANATION OF DIFFERENCES BETWEEN OMB AND CBO ESTIMATES:

The estimates are the same.

CUMULATIVE EFFECT OF DIRECT SPENDING AND REVENUE LEGISLATIONENACTED TO DATE:

	(Fiscal years; in millions of dollars)
	1999	2000	2001	2002	2003	2004
Outlay effect..............	53	748	949	594	870	2
Receipt effect............	-5	3,659	1,779	769	1,985	37
Net costs....................	58	-2,911	-830	-175	-1,115	-35

* $500,000 or less

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