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Report No: 528
Date: 11/27/2000

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

  1. LAW NUMBER: P.L.106-392 (H.R. 2348)

  2. BILL TITLE: Cost Sharing for the Endangered Fish Recovery Implementation Programs for the Upper Colorado and San Juan River Basins

  3. BILL PURPOSE: (1) Authorizes combined Federal and non-Federal expenditures, not to exceed $100 million during FY's 2001-2007, for capital projects for the endangered fish recovery implementation programs for the Upper Colorado River and San Juan River Basins in the States of Colorado, Utah, Wyoming, and New Mexico; (2) Authorizes appropriations of $46 million for the Federal share of those projects and requires the other $54 million to be contributed by non-Federal entities; and (3) Authorizes the use of $60 million in Federal power revenues for operational funding for the programs.

  4. OMB ESTIMATE: P.L. 106-392 provides for the use of two funding sources for program activities which include borrowing from the state of Colorado, and the use of proceeds from electricity sales.

    5.  

    (Fiscal years; in millions of dollars)
    2000 2001 2002 2003 2004 2005
    Net costs............... 0 8 8 10 9 8

     

  5. CBO ESTIMATE:
    6. (Fiscal years; in millions of dollars)
    2000 2001 2002 2003 2004 2005
    Net costs............... 0 8 8 10 9 9

     

  6. EXPLANATION OF DIFFERENCES BETWEEN OMB AND CBO ESTIMATES:

    7. The difference in FY 2005 between OMB and CBO's PAYGO estimates is the result of different assumptions about the rate of inflation.

  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.............. 34 768 1,192 1,310 1,838 1,785
    Receipt effect............ -8 -620 -699 -747 -786 -775
    Net costs.................... 42 1,388 1,891 2,057 2,624 2,560

    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.