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Report No: 544
Date: 12/12/2000

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

  1. LAW NUMBER: P.L.106-526 (S. 1936)

  2. BILL TITLE: Bend Pine Nursery Land Conveyance Act

  3. BILL PURPOSE: To authorize the Secretary of Agriculture to sell or exchange certain land in the State of Oregon and to use the proceeds for National Forest System purposes.

  4. OMB ESTIMATE: P.L.106-526 authorizes the Secretary of Agriculture to sell or exchange certain land in Oregon and to spend the proceeds on constructing new facilities. OMB estimates that the land sales will increase offsetting receipts by $3 million in 2002 and $2 million in 2003, and that the Department will spend $1 million in 2002 and $4 million in 2003 to build new facilities.
    5. (Fiscal years; in millions of dollars)
    2000 2001 2002 2003 2004 2005
    Net costs............... 0 0 -2 2 0 0

     

  5. CBO ESTIMATE:
    6. (Fiscal years; in millions of dollars)
    2000 2001 2002 2003 2004 2005
    Net costs............... 0 0 -2 2 0 0

     

  6. EXPLANATION OF DIFFERENCES BETWEEN OMB AND CBO ESTIMATES:

    7. The estimates are the same.

  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 1,399 2,471 7,114 7,845 8,039
    Receipt effect............ -8 -1,082 -1,193 -1,278 -1,334 -1,354
    Net costs.................... 42 2,481 3,664 8,392 9,179 9,393

    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.