ABSTRACT

Congressional Budget Office Cost Estimate: H.R. 2845: Pipeline Safety, Regulatory Certainty, and Job Creation Act of 2011   [open pdf - 25KB]

"The Pipeline and Hazardous Materials Safety Administration (PHMSA) oversees the safety of pipelines that transport gas or hazardous liquids and provides grants to states for programs to ensure pipeline safety. For those activities, H.R. 2845 would authorize gross appropriations of $505 million over the 2012-2016 period. CBO [Congressional Budget Office] expects, however, that about $434 million of those appropriations would be offset by fees paid by pipeline operators over the four-year period. In addition, subject to provisions in appropriation acts, CBO estimates that the bill would authorize PHMSA to collect and spend about $10 million over the 2012-2016 period to recover its costs of conducting safety reviews at a pipeline project in the state of Alaska. CBO estimates that implementing H.R. 2845 would have a net cost of $45 million over the 2012-2016 period, assuming appropriation of the specified and estimated amounts."

Publisher:
Date:
2011-09-27
Copyright:
Public Domain
Retrieved From:
Congressional Budget Office: http://cbo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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