Political Quotes

John Cooksey: “I further understand that any effort, other than the one proposed in the bill, to create a situation where revenues and…”

On the recordOctober 29, 1997
I further understand that any effort, other than the one proposed in the bill, to create a situation where revenues and expenditures stand on the same side of the ledger, allowing annual revenues to offset annual outlays, would result in a technical violation of the scoring rules of the Congressional Budget Office and the Committee on the Budget. The committee, therefore, had to find an accounting offset and the source of funds chosen for the offset was the onetime user fees owed by certain utilities under contracts entered into with the Department of Energy after enactment of the original 1982 statute.
Said by
John Cooksey
Republican · Louisiana
Source
govinfo.gov

Editor's note · Context

Discussing budgetary rules and accounting offsets related to a proposed bill.

Share

Share on XShare on FacebookEmail this quote

More from John Cooksey

Apr 22, 1998

The two biggest problems in this country today are trial lawyers and tobacco. They are both bad. They are bad for this country. They are bad for the people's health and they are the ones that are trying to perpetrate this problem, this…

govinfo.gov
Oct 29, 1997

Is it not the case that contracts entered into between utilities and the Department of Energy prior to the effective date of this act will continue in force unless both parties agree to a modification?

govinfo.gov
Oct 29, 1997

The ratepayers of Louisiana have paid more than $134 million into the Nuclear Waste Fund only to see that money used for purposes other than those specified by the law which mandated the collections. one of the foremost improvements of the…

govinfo.gov
Oct 29, 1997

Is it true, Mr. Chairman, that such one-time fee payments will be credited to the balance of the Nuclear Waste Fund and that the program will largely rely on annual user fees to fund both continuing progress on the repository at Yucca…

govinfo.gov
View all John Cooksey quotes

Other voices in this conversation