Congressional Budget Office Cost Estimate: S. 782: Economic Development Revitalization Act of 2011   [open pdf - 20KB]

"S. 782 would reauthorize funding for existing programs of the Economic Development Administration (EDA) through 2015. Assuming appropriation of the specified amounts, CBO [Congressional Budget Office] estimates that implementing this bill would cost about $1.5 billion through 2016 and an additional $760 million after that year. Pay-as-you-go procedures do not apply to this legislation because it would not affect direct spending or revenues. S. 782 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would impose no costs on state, local, or tribal governments."