Report No: 526
Date: 11/16/2000

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

1. LAW NUMBER: P.L.106-376 (H.R. 4389)
2. BILL TITLE: Northern Colorado Water Conservancy District Conveyance
3. BILL PURPOSE: Requires the Secretary of Interior to convey water distribution facilities that are part of the Colorado-Big Thompson Project to the Northern Colorado Water Conservancy District.
4. OMB ESTIMATE: P.L. 106-376 requires the Northern Colorado Water Conservancy District and the Western Area Power Administration (WAPA) to reimburse the Government for the conveyance, which is expected to occur in 2001. The Government will forgo future payments from the water districts.

 

	(Fiscal years; in millions of dollars)
	2000	2001	2002	2003	2004	2005
Net costs................	0	-2	*	*	0	0

 

5. CBO ESTIMATE:

	(Fiscal years; in millions of dollars)
	2000	2001	2002	2003	2004	2005
Net costs...............	0	-2	*	0	0	0

 

6. EXPLANATION OF DIFFERENCES BETWEEN OMB AND CBO ESTIMATES:

The difference between OMB and CBO's PAYGO estimates is the result of different assumptions regarding when payments from the water districts would be forgone after the conveyance.

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	356	1,158	1,292	1,815	1,759
Receipt effect............	-8	-620	-699	-747	-786	-775
Net costs....................	42	976	1,857	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.