Letter from CBO Director Keith Hall to Honorable John Barrasso Regarding [Direct Spending and Revenue Effects of H.R. 8, the America's Water Infrastructure Act of 2018] [July 10, 2018] [open pdf - 98KB]
Alternate Title: Congressional Budget Office Cost Estimate: Direct Spending and Revenue Effects of H.R. 8, the America's Water Infrastructure Act of 2018
From the Letter: "CBO [Congressional Budget Office] has prepared an estimate of the direct spending and revenue effects of H.R. 8, the America's Water Infrastructure Act of 2018, as posted on the website of the Committee on Environment and Public Works on July 9, 2018, with an amendment in the nature of a substitute. CBO estimates that enacting H.R. 8 would decrease direct spending by $1 million over the 2019-2028 period. The legislation would authorize the U.S. Army Corps of Engineers (Corps) to construct projects to improve navigation and flood management, to mitigate storm and hurricane damage, and to restore aquatic ecosystems. The bill also would authorize the Environmental Protection Agency to provide grants and loans to state and local governments, public water systems, and other entities to support a wide range of water infrastructure projects and programs to improve water quality. The legislation would increase offsetting receipts (which are treated as reductions in direct spending) in 2020 by authorizing the Corps to convey nine acres of federal land to the city of Nashville, Tennessee, in exchange for the fair market value of the property. Using information from the Corps, CBO estimates sale proceeds would total about $1 million. Because the legislation would affect direct spending pay-as-you-go procedures apply. Enacting the legislation would not affect revenues."
Congressional Budget Office: http://www.cbo.gov/