ABSTRACT

Congressional Budget Office Cost Estimate: H.R. 1195, An Act to Amend the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users to Make Technical Corrections, and for Other Purposes   [open pdf - 18KB]

From the Summary: "H.R. 1195 would make numerous amendments to the current authorization law for highway programs - the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users (Public Law 109-59). H.R. 1195 would provide contract authority (a mandatory form of budget authority) for magnetic levitation transportation projects and for the National Surface Transportation Policy and Revenue Commission. The bill also would rescind a portion of unused contract authority in fiscal year 2009, the last year of the current authorization period for highway and mass transit programs. The bill's net impact would be a reduction of $25 million in contract authority for highway programs over the 2007-2009 period. CBO [Congressional Budget Office] expects that spending for the programs mentioned above will be controlled by limits on annual obligations set in appropriation acts (known as obligation limitations). Consequently, the changes in contract authority would not affect direct spending outlays. The legislation would not amend the obligation limitations specified in current law; thus, CBO estimates that implementing this legislation would not have a significant impact on discretionary outlays."

Publisher:
Date:
2007-03-21
Copyright:
Public Domain
Retrieved From:
Congressional Budget Office: https://www.cbo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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