Description:
H.R. 3675, Western Water Accelerated Revenue Repayment Act As reported by the House Committee on Natural Resources on October 22, 2024 By Fiscal Year, Millions of Dollars20252025-20292025-2034Direct Spending (Outlays)0-107-160Revenues0-1-6Increase or Decrease (-) in the Deficit0-106-154Spending Subject to Appropriation (Outlays)**not estimatedIncreases net direct spending in any of the four consecutive 10-year periods beginning in 2035?< $2.5 billionStatutory pay-as-you-go procedures apply?YesMandate EffectsIncreases on-budget deficits in any of the four consecutive 10-year periods beginning in 2035?< $5 billionContains intergovernmental mandate?NoContains private-sector mandate?No* = between zero and $500,000.The bill wouldAllow water contractors to convert contracts with the Bureau of Reclamation from water service contracts to repayment contracts, which would require them to pay their outstanding obligations to the federal government more quicklyAllow water contractors already operating under a repayment contract to pay their outstanding obligations to the federal government earlyEstimated budgetary effects would mainly stem fromChanges in offsetting receipts from early repaymentsLosses in revenues from an increase in the issuance of bonds that are exempt from federal taxationAreas of significant uncertainty includeEstimating the likelihood that water contractors would opt to repay their outstanding obligation early
« Return to search CBO reports
