June 20, 2024 Cost Estimate As reported by the Senate Committee on Environment and Public Works on March 12, 2024 View Document275.74 KB At A Glance S. 3891, Economic Development Reauthorization Act of 2024 As reported by the Senate Committee on Environment and Public Works on March 12, 2024 By Fiscal Year, Millions of Dollars20242024-20292024-2034Direct Spending (Outlays)0310Revenues000Increase or Decrease (-) in the Deficit0310Spending Subject to Appropriation (Outlays)02,3514,980Increases net direct spending in any of the four consecutive 10-year periods beginning in 2035?NoStatutory pay-as-you-go procedures apply?YesMandate EffectsIncreases on-budget deficits in any of the four consecutive 10-year periods beginning in 2035?NoContains intergovernmental mandate?NoContains private-sector mandate?NoThe bill wouldAuthorize appropriations for the Economic Development Administration over the 2025-2029 periodAuthorize appropriations for two new regional commissions and seven existing commissionsRequire reporting by the Government Accountability OfficeEstimated budgetary effects would mainly stem fromSpending of amounts authorized to be appropriatedAccelerating the spending of currently unobligated balances, primarily by increasing the federal share of the costs for certain projects Data and Supplemental Information Table 1 Table 2 Table 3 Legislative Information Available From Congress.gov
S. 3891, Economic Development Reauthorization Act of 2024 As reported by the Senate Committee on Environment and Public Works on March 12, 2024 By Fiscal Year, Millions of Dollars20242024-20292024-2034Direct Spending (Outlays)0310Revenues000Increase or Decrease (-) in the Deficit0310Spending Subject to Appropriation (Outlays)02,3514,980Increases net direct spending in any of the four consecutive 10-year periods beginning in 2035?NoStatutory pay-as-you-go procedures apply?YesMandate EffectsIncreases on-budget deficits in any of the four consecutive 10-year periods beginning in 2035?NoContains intergovernmental mandate?NoContains private-sector mandate?NoThe bill wouldAuthorize appropriations for the Economic Development Administration over the 2025-2029 periodAuthorize appropriations for two new regional commissions and seven existing commissionsRequire reporting by the Government Accountability OfficeEstimated budgetary effects would mainly stem fromSpending of amounts authorized to be appropriatedAccelerating the spending of currently unobligated balances, primarily by increasing the federal share of the costs for certain projects
