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Report No: 524
Date: 11/16/00

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

  1. LAW NUMBER: P.L.106-366 (H.R. 2984)

  2. BILL TITLE: Conveyance of the Middle Loup Division of the Missouri River Basin Project

  3. BILL PURPOSE: Directs the Department of Interior to convey title to the Middle Loup Division of the Missouri River Basin Project, Nebraska, to three local reclamation and irrigation districts.

  4. OMB ESTIMATE: P.L. 106-366 requires the water districts and the Western Area Power Administration (WAPA) to settle outstanding repayment obligations related to the facilities as a condition of the conveyance, which is expected to occur in 2001.

    5.  

    (Fiscal years; in millions of dollars)
    2000 2001 2002 2003 2004 2005
    Net costs............... 0 -5 * * * *

     

  5. CBO ESTIMATE:
    6. (Fiscal years; in millions of dollars)
    2000 2001 2002 2003 2004 2005
    Net costs............... 0 -5 * * * *

     

  6. EXPLANATION OF DIFFERENCES BETWEEN OMB AND CBO ESTIMATES:

    7. OMB and CBO have the same estimates.

  7. CUMULATIVE EFFECT OF DIRECT SPENDING AND REVENUE LEGISLATION ENACTED TO DATE:
    8. (Fiscal years; in millions of dollars)
    2000 2001 2002 2003 2004 2005
    Outlay effect.............. 34 361 1,156 1,292 1,815 1,759
    Receipt effect............ -8 -620 -699 -747 -786 -775
    Net costs.................... 42 981 1,855 2,039 2,601 2,534

    *$500,000 or less.

    NOTE: The cumulative effect of direct spending and revenue legislation enacted to date is currently estimated to result in an end-of-session sequester. The Administration looks forward to working with the Congress to ensure that an unintended sequester does not occur.