OMB COST ESTIMATE
FOR PAY-AS-YOU-GO CALCULATIONS

Report No: 492
Date: September 2, 1999

1. LAW NUMBER: P.L.106-54 (S. 606 )
2. BILL TITLE: For the relief of Global Exploration and Development Corporation, Kerr-McGee Corporation, and Kerr-McGee Chemical, LLC (successor to Kerr-McGee Chemical Corporation), and for other purposes.
3. BILL PURPOSE: (1) Implements two different settlement agreements involving claims against the United States; and (2) criminalizes the teaching and distribution of information concerning explosives under certain circumstances.
4. OMB ESTIMATE:

	(Fiscal years; in millions of dollars)
	1999	2000	2001	2002	2003	2004
Net costs.................	52	*	*	*	*	*

P.L. 106-54 requires the Secretary of the Treasury to make payments to settle claims by the Global Exploration and Development Corporation, the Kerr-McGee Corporation, and the Menominee Indian Tribe of Wisconsin. OMB estimates that these payments will increase direct spending by $52 million in 1999 because such payments would not be made under current law. In addition, the Act makes certain actions regarding the distribution of information related to explosives, destruction devices, and weapons of mass destruction subject to criminal fines and penalties. OMB estimates that the effects of this provision on governmental receipts and direct spending would be negligible.

5. CBO ESTIMATE:

	(Fiscal years; in millions of dollars)
	1999	2000	2001	2002	2003	2004
Net costs.................	52	*	*	*	*	*

6. EXPLANATION OF DIFFERENCES BETWEEN OMB AND CBO ESTIMATES:

The estimates are the same.

7. CUMULATIVE EFFECT OF DIRECT SPENDING AND REVENUE LEGISLATION ENACTED TO DATE:

	(Fiscal years; in millions of dollars)
	1999	2000	2001	2002	2003	2004
Outlay effect..............	53	748	949	594	870	2
Receipt effect............	-5	3,659	1,779	769	1,985	37
Net costs....................	58	-2,911	-830	-175	-1,115	-35

* $500,000 or less