OMB COST ESTIMATE FOR PAY-AS-YOU-GO CALCULATIONS
LAW NUMBER: P.L.106-469 (H.R. 2884)
BILL TITLE: Energy Act of 2000
BILL PURPOSE: (1) Reauthorizes through FY 2003, authority to manage the Strategic Petroleum Reserve; (2) Authorizes a Northeast Home Heating Oil Reserve; (3) Extends through FY 2003, antitrust exemptions for U.S. oil companies participating in certain International Energy Agency activities; (4) Removes certain hydroelectric power projects from Federal jurisdiction; and (5) Provides for the establishment of a National Oilheat Research organization.
OMB ESTIMATE: P.L.106-469 establishes the National Oilheat Research Alliance in 2002, as a Federal entity. Annual receipts from fuel oil sold in the retail market are expected to be matched by similar increases in outlays.
Outlays...................................... 0 0 14 14 14 14
Receipts.................................... 0 0 14 14 14 14
Net costs............... 0 0 * * * *
OMB and CBO have the same estimates.
CUMULATIVE EFFECT OF DIRECT SPENDING AND REVENUE LEGISLATION ENACTED TO DATE:
Outlay effect.............. 34 1,392 2,470 7,109 7,841 8,035
Receipt effect............ -8 -689 -794 -856 -908 -910
Net costs.................... 42 2,081 3,264 7,965 8,749 8,945
*$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.