3.0.0 765 2023-01-11T13:27:51Z 2023-01-11T13:27:51Z Senate S 2015-03-17 114 ssbu00 Budget Committee Senate Standing Referred to 2015-03-17T21:57:34Z An original concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2016 and setting forth the appropriate budgetary levels for fiscal years 2017 through 2025. 114 11 SCONRES 2015-05-06 Message on Senate action sent to the House. Related bill CRS 2015-03-17 ssbu00 Budget Committee Senate Read twice and referred to the Committee on the Budget. IntroReferral 2015-03-17 Introduced in Senate IntroReferral 10000 9 Library of Congress P000449 Sen. Portman, Rob [R-OH] Rob Portman R OH N G000562 Sen. Gardner, Cory [R-CO] Cory Gardner R CO 2015-03-17 True Energy Budget deficits and national debt Budget process Energy efficiency and conservation Government buildings, facilities, and property Legislative rules and procedure Public contracts and procurement Public utilities and utility rates Senate Energy 00 2015-03-17 Introduced in Senate 2015-05-20T16:31:23Z This bill provides directions to the Congressional Budget Office (CBO) for determining the budgetary effects of energy savings performance contracts and utility energy service contracts.

Under an energy savings performance contract, a private party agrees to fund energy-efficient upgrades for a federal facility, and the federal agency agrees to pay the private party from reductions in the agency's energy costs. Under a utility energy service contract, the services and equipment are provided by a utility.

In scoring legislation that modifies the authority to enter into the contracts or the scope, terms, or use of the contracts, CBO must: (1) record all budgetary effects during the first year in which the authority or modification becomes effective, (2) calculate the cost and savings on a net present value basis by adding market risk over the useful life of the services or product to the discount rate required by the Federal Credit Reform Act of 1990, and (3) classify the effects to be changes in spending subject to the availability of appropriations.

CBO currently scores the authority to enter into the contracts as a form of mandatory spending rather than discretionary spending that is subject to the appropriations process.

]]> A bill to appropriately determine the budgetary effects of energy savings performance contracts and utility energy service contracts. Display Title A bill to appropriately determine the budgetary effects of energy savings performance contracts and utility energy service contracts. Official Title as Introduced A bill to appropriately determine the budgetary effects of energy savings performance contracts and utility energy service contracts. Introduced in Senate IS Introduced in Senate 2015-03-17T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s765is/xml/BILLS-114s765is.xml 2015-03-17 Read twice and referred to the Committee on the Budget. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.