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.

 

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

 

5. CBO ESTIMATE:

	(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:

OMB and CBO have the same estimates.

7. CUMULATIVE EFFECT OF DIRECT SPENDING AND REVENUE LEGISLATION ENACTED TO DATE:

	(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.