[Congressional Record Volume 142, Number 45 (Thursday, March 28, 1996)]
[Senate]
[Page S3163]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                         ADDITIONAL STATEMENTS

                                 ______


                        COST ESTIMATE ON S. 1467

 Mr. MURKOWSKI. Mr. President, when the Committee on Energy and 
Natural Resources filed its report on S. 1467, the Fort Peck Rural 
County Water Supply System Act, the estimate from the CBO was not 
available. We have now received the estimate and I ask that it be 
printed in the Record for the information of the Senate. The CBO 
estimate states that enactment of S. 1467 would not affect direct 
spending or receipts and does not contain any unfunded mandates.
  The estimate follows:

                                                    U.S. Congress,


                                  Congressional Budget Office,

                                   Washington, DC, March 27, 1996.
     Hon. Frank H. Murkowski,
     Chairman, Committee on Energy and Natural Resources, U.S. 
         Senate, Washington, DC.
       Dear Mr. Chairman: The Congressional Budget Office has 
     prepared the enclosed cost estimate for S. 1467, the Fort 
     Peck Rural County Water Supply System Act of 1995.
       Enactment of S. 1467 would not affect direct spending or 
     receipts. Therefore, pay-as-you-go procedures would not apply 
     to the bill.
       If you wish further details on this estimate, we will be 
     pleased to provide them.
           Sincerely,
                                                  June E. O'Neill,
                                                         Director.

               Congressional Budget Office--Cost Estimate

       1. Bill number: S. 1467.
       2. Bill title: Fort Peck Rural County Water Supply System 
     Act of 1995.
       3. Bill status: As reported by the Senate Committee on 
     Energy and Natural Resources on March 15, 1996.
       4. Bill purpose: The bill would authorize the construction 
     of the Fort Peck Rural County Water Supply System and 
     authorize assistance to the Fort Peck Rural County Water 
     District, Inc., a nonprofit corporation, for the planning, 
     design, and construction of the proposed water system.
       5. Estimated cost to the Federal Government: Assuming 
     appropriation of the authorized amounts for fiscal year 1997, 
     S. 1467 would result in discretionary spending totaling $6.6 
     million over the 1996-2000 period. This estimate reflects the 
     basic authorization of $5.8 million, increased, as specified 
     in the bill, by the estimated impact of inflation during the 
     time between October 1, 1994, and the construction period. 
     Outlays are estimated based on historical spending rates for 
     similar water projects. Funding for the Fort Peck project 
     would constitute new spending--to date, no amounts have been 
     appropriate for this project.

----------------------------------------------------------------------------------------------------------------
                                                                       1996     1997     1998     1999     2000 
----------------------------------------------------------------------------------------------------------------
Spending subject to appropriations action:                                                                      
    Authorization level............................................        0        7        0        0        0
    Estimated outlays..............................................        0        1        5        1        0
----------------------------------------------------------------------------------------------------------------

       The costs of this bill fall within budget function 300.
       6. Pay-as-you-go considerations: None.
       7. Estimated impact on State, local, and tribal 
     governments: S. 1467 contains no intergovernmental mandates 
     as defined in Public Law 104-4 and would impose no direct 
     costs on state, local, or tribal governments.
       The bill would limit the federal share of this project to 
     80 percent. The Fort Peck Rural County Water District would 
     have to provide matching funds of about $1.5 million in order 
     to receive the full amount of federal assistance authorized. 
     This project would be voluntary on the part of the district, 
     however.
       8. Estimated impact on the private sector: The bill would 
     impose no new federal/private sector mandates, as defined in 
     Public Law 104-4.
       9. Previous CBO estimate: None.
       10. Estimate prepared by: Federal cost estimate: Gary 
     Brown. State and Local Government Impact: Marjorie Miller. 
     Private Sector Impact: Patrice Gordon.
       11. Estimate approved by: Robert A. Sunshine, for Paul N. 
     Van de Water, Assistant Director for Budget Analysis.

                          ____________________