I point out to the gentleman that he is eliminating a source of money that would be necessary to be able to withdraw the oil from the ground, as was the situation that existed during the gulf war. He is going to do away with the money that is necessary to deal with the question of high temperatures, which is jeopardizing the oil in the ground and has to be corrected. We will not have the money for that. He is doing away with the money that is necessary to extend the life of existing storage facilities. I do not think that was the intention of his amendment, but that is going to be the effect of his amendment. This amendment is created by guess and by gosh. It hits the Interior and Related Agencies appropriation particularly hard. Out of the $13 billion 1994 appropriation, at least $617 million would be eliminated, or nearly 5 percent. And for the most part it comes in areas where the Congress has already made significant reductions or in areas where programmatically it makes no sense. reduction to overhead accounts The amendment reduces so called overhead accounts in the Department of the Interior by $94,450,000. While it seems simple, lets look at what this money buys. Travel money allows Minerals Management Services auditors to travel to make audits to assure that royalty payments are accurately paid. A travel reduction will ultimately reduce revenues for the Federal treasury.
On the recordFebruary 3, 1994
Source
govinfo.govEditor's note · Context
The speaker is addressing the negative impacts of an amendment on funding for oil extraction and related services.
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I see. And will there be a diminution of section 8 subsidies in the future under this legislation?





