ABSTRACT

Congressional Budget Office Cost Estimate: H.R. 5892, Water Resources Development Act of 2010   [open pdf - 34KB]

From the Summary: "H.R. 5892 would authorize the Army Corps of Engineers to study and participate in the construction of more than 200 new water projects. Assuming appropriation of the authorized and necessary amounts, CBO [Congressional Budget Office] estimates that implementing H.R. 5892 would cost $1.3 billion over the 2011-2015 period. The bill also would allow the Corps to collect and spend funds contributed by private firms to expedite the evaluation of permit applications. Because the legislation would affect direct spending, pay-as-you-go procedures apply. However, based on information from the Corps, CBO estimates that amounts collected and spent for such purposes would total less than $500,000 annually and that the net budgetary impact would be negligible. Enacting the legislation would not affect revenues. H.R. 5892 contains no intergovernmental mandates as defined in the Unfunded Mandates Reform Act (UMRA). Any costs to state, local, or tribal governments to comply with conditions of federal assistance would be incurred voluntarily. H.R. 5892 would impose a private-sector mandate as defined in UMRA if the Army Corps of Engineers acquires any real estate interests by means of condemnation. CBO estimates that the cost of the mandate, if imposed, would fall well below the annual threshold established in UMRA for private-sector mandates ($141 million in 2010, adjusted annually for inflation)."

Publisher:
Date:
2010-09-23
Copyright:
Public Domain
Retrieved From:
Congressional Budget Office: http://cbo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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