[Congressional Record Volume 143, Number 161 (Monday, December 15, 1997)]
[Senate]
[Page S12719]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




      NEW MEXICO HISPANIC CULTURAL CENTER PERFORMING ARTS FACILITY

 Mr. CHAFEE. Mr. President, S. 1417, a bill to authorize the 
Secretary of the Interior to provide for the design, construction, 
furnishing, and equipping of a center for performing arts within the 
complex known as the New Mexico Hispanic Cultural Center, was 
introduced and passed the Senate on November 7, 1997.
  Because the measure was considered and passed on the same day as its 
introduction, the Committee on Environment and Public Works was not 
referred S. 1417, and a report was not filed. Subsequent to the passage 
of the legislation, however, the Congressional Budget Office issued a 
cost estimate, as required under the Senate rules. Therefore, I ask 
that the letter from the Director of the Congressional Budget Office, 
dated November 17, 1997, be printed in the Record.
  The letter follows:

                                                    U.S. Congress,


                                  Congressional Budget Office,

                                Washington, DC, November 17, 1997.
     Hon. Franklin D. Raines,
     Director, Office of Management and Budget,
     Washington, DC.
       Dear Mr. Raines: The Congressional Budget Office has 
     prepared the enclosed cost estimate for the pay-as-you-go 
     effects of S. 1417, the Hispanic Cultural Center Act of 1997.
       If you wish further details on this estimate, we will be 
     pleased to provide them. The CBO staff contact is Christina 
     Hawley Sadoti.
           Sincerely,
     June E. O'Neill, Director.
                                                                    ____


                      Congressional Budget Office


                         pay-as-you-go estimate

     S. 1417.--Hispanic Cultural Center Act of 1997
       S. 1417, the Hispanic Cultural Center Act of 1997, would 
     require the Secretary of the Interior to make a grant to the 
     state of New Mexico to pay for one-half of the costs of the 
     design, construction, furnishing and equipping of a Center 
     for Performing Arts within the New Mexico Hispanic Cultural 
     Center. Based on the amounts S. 1417 would count toward the 
     state share, the federal share of these costs is estimated at 
     about $18 million. However some funds have been appropriated 
     for this purpose for the 1998 fiscal year: $2.5 million in 
     the VA, HUD and Independent Agencies Appropriations Act and 
     $3 million in the Interior Appropriations Act. Because S. 
     1417 would not restrict this grant to the availability of 
     appropriations, New Mexico would be entitled to receive the 
     remaining costs even if no additional appropriations are 
     made. Enactment of S. 1417 would therefore increase pay-as-
     you-go spending by about $13 million between fiscal years 
     1999-2001, as shown in the following table.

                                                                                SUMMARY OF PAY-AS-YOU-GO EFFECTS                                                                                
                                                                                    [In millions of dollars]                                                                                    
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                         By fiscal year                                                         
                                                               ---------------------------------------------------------------------------------------------------------------------------------
                                                                    1998         1999         2000         2001         2002         2003         2004         2005         2006         2007   
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Change in outlays.............................................            0            6            6            1            0            0            0            0            0            0
Change in receipts............................................                                                                                                                                  
(9) Not Applicable                                                                                                                                                                              
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

       The CBO staff contact for this estimate is Christina Hawley 
     Sadoti. This estimate was approved by Paul N. Van de Water, 
     Assistant Director for Budget Analysis.

                          ____________________