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Report No: 520
Date: 11/16/2000

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

  1. LAW NUMBER: P.L.106-329 (H.R. 4226)

  2. BILL TITLE: Black Hills National Forest and Rocky Mountain Research Station Improvement Act

  3. BILL PURPOSE: (1) Permits the Secretary of Agriculture to sell or exchange certain property in the Black Hills National Forest in South Dakota and use the proceeds for replacement property and improvements in this area; and (2) authorizes appropriations for a new laboratory facility at the Rocky Mountain Research Station in Rapid City, South Dakota.

  4. OMB ESTIMATE: P.L. 106-329 authorizes the Secretary of Agriculture to sell or exchange certain land in the Black Hills National Forest, and to accept cash equalization payments up to the full value of the land. OMB estimates that the land sales resulting from this authority will increase receipts by $1 million a year in FY 2001 and FY 2002. The spending of the receipts will be subject to appropriations.
    5. (Fiscal years; in millions of dollars)
    2000 2001 2002 2003 2004 2005
    Net costs............... 0 -1 -1 0 0 0

  5. CBO ESTIMATE:
    6. (Fiscal years; in millions of dollars)
    2000 2001 2002 2003 2004 2005
    Net costs............... 0 -1 -1 0 0 0

     

  6. EXPLANATION OF DIFFERENCES BETWEEN OMB AND CBO ESTIMATES:

    7. OMB and CBO have the same estimates.

  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.............. 34 352 1,138 1,253 1,751 1,678
    Receipt effect............ -8 -620 -698 -746 -781 -768
    Net costs.................... 42 972 1,836 1,999 2,532 2,446

    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.