; (2) submit to the Director a projection of the amount of direct spending under the least costly implementation option reasonably identifiable by the agency that meets the requirements under the statute; and (3) consult with the Director regarding implementation of the administrative action. (c) Projections Any projection for purposes of this title shall be conducted in accordance with Office of Management and Budget Circular A–11, or any successor thereto. 264. Issuance of administrative guidance Not later than 90 days after the date of enactment of this Act, the Director shall issue instructions regarding the implementation of this title, including how covered discretionary administrative actions that increase direct spending and nontax receipts will be evaluated. 265. Waiver (a) In general The Director may waive the requirements of section 263 if the Director concludes that the waiver— (1) is necessary for the delivery of essential services; or (2) is necessary for effective program delivery. (b) Publication Any waiver determination under subsection (a) shall be published in the Federal Register. 266. Exemption This title shall not apply to administrative actions with direct spending cost of less than— (1) $1,000,000,000 over the 10-year period beginning with the current year