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cost estimate
March 21, 2012
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As ordered reported by the House Committee on Transportation and Infrastructure on March 8, 2012
H.R. 4097 would authorize a total of $72 million to be appropriated for fiscal years 2013 and 2014 for the Kennedy Center’s maintenance, repair, and security and for capital projects for the center. In addition, the bill would authorize the construction of an expansion project at the center that would be financed with nonappropriated funds.
Assuming appropriation of the authorized amounts, CBO estimates that implementing H.R. 4097 would cost $71 million over the 2013-2017 period.
Pay-as-you-go procedures do not apply to this legislation because enacting it would not affect direct spending or revenues.
H.R. 4097 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would not affect the budgets of state, local, or tribal governments.