|
OMB
COST ESTIMATE
FOR PAY-AS-YOU-GO CALCULATIONS
Report No: 556
Date: 07/18/2001
- LAW NUMBER:
P.L.107-18 (S. 1029)
- BILL TITLE:
Manufactured Housing Program User Fee Authority
- BILL PURPOSE:
Authorizes the Department of Housing and Urban Development to spend
user fee receipts from its manufactured housing program for expenses
of the program.
- OMB ESTIMATE:
The Department has the authority to impose these user fees, but not
the authority to spend them. OMB assumes the Department would not charge
user fees unless it has the authority to spend them for program purposes.
OMB estimates that the Department will begin to collect and spend the
user fees, which will offset and have zero net effect.
|
(Fiscal
years; in millions of dollars) |
|
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
| Net
costs.................................... |
0 |
0 |
0 |
0 |
0 |
0 |
- CBO ESTIMATE:
|
(Fiscal
years; in millions of dollars) |
|
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
| Net
costs.................................... |
-2 |
-1 |
0 |
0 |
0 |
0 |
- EXPLANATION
OF DIFFERENCES BETWEEN OMB AND CBO ESTIMATES:
CBO estimates
that spending will lag receipts, so that receipts will exceed outlays
in the first two years.
- CUMULATIVE
EFFECT OF DIRECT SPENDING AND REVENUE LEGISLATION ENACTED TO DATE:
|
(Fiscal
years; in millions of dollars) |
|
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
| Outlay
effect.............. |
3 |
16,638 |
20,274 |
21,014 |
22,071 |
7,413 |
| Receipt
effect............ |
-69,501 |
-35,105 |
-84,594 |
-103,783 |
-104,396 |
-123,372 |
| Net
costs.................... |
69,504 |
51,743 |
104,868 |
124,797 |
127,007 |
130,785 |
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.
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