Skip Main Navigation
Office of Management and Budget
About OMB
President's Budget
Management
Information &
Regulatory Affairs
Legislative Information
Agency Information

Report No: 534
Date: 12/07/2000

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

  1. LAW NUMBER: P.L.106-424 (S. 2412)

  2. BILL TITLE: National Transportation Safety Board Amendments Act

  3. BILL PURPOSE: Authorizes appropriations for the National Transportation Safety Board (NTSB) and makes numerous changes to NTSB-related provisions.

  4. OMB ESTIMATE: Under previous law, the Federal Aviation Administration (FAA) could spend collections from the sale of aeronautical charts only to the extent provided by appropriations action. P.L. 106-424 allows the FAA to spend these collections without further appropriation action. OMB estimates that this change will increase direct spending by $85 million over 5 years.
    5. (Fiscal years; in millions of dollars)
    2000 2001 2002 2003 2004 2005
    Net costs............... 0 17 17 17 17 17

  5. CBO ESTIMATE:
    6. (Fiscal years; in millions of dollars)
    2000 2001 2002 2003 2004 2005
    Net costs............... 0 12 12 12 13 13

     

  6. EXPLANATION OF DIFFERENCES BETWEEN OMB AND CBO ESTIMATES:

    7. The difference between OMB and CBO estimates is the result of different baseline assumptions.

  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 1,389 2,461 7,091 7,824 8,019
    Receipt effect............ -8 -689 -808 -870 -922 -924
    Net costs.................... 42 2,078 3,269 7,961 8,746 8,943

    *$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.