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H.R. 460, Bonneville Unit Clean Hydropower Facilitation Act 1 (May 16, 2012)

handle is hein.congrec/cbo10757 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE a COST ESTIMATE May 16, 2012 H.R. 460 Bonneville Unit Clean Hydropower Facilitation Act As ordered reported by the House Committee on Natural Resources on April 25, 2012 SUMMARY CBO expects that enacting H.R. 460 would lead to the development of hydropower facilities at the Diamond Fork Project in Utah by a nonfederal entity within a few years, sooner than expected under current law. Based on information from the Bureau of Reclamation, CBO estimates that the federal government would receive payments from the hydropower developer of about $4 million over the 2013-2022 period. Enacting the bill would increase offsetting receipts (a credit against direct spending); therefore, pay-as-you-go procedures apply. Enacting the bill would not affect revenues. H.R. 460 contains no intergovernmental or private-sector mandates as defined in Unfunded Mandates Reform Act (UMRA) and would impose no costs on state, local, or tribal governments. ESTIMATED COST TO THE FEDERAL GOVERNMENT The costs of this legislation fall within budget function 300 (natural resources and environment). CBO estimates that enacting H.R. 460 would increase offsetting receipts by $600,000 a year, beginning in 2017, for a total collection of about $4 million over the 2017-2022 period. BASIS OF ESTIMATE Based on information from the Bureau of Reclamation, CBO expects that the federal government is unlikely-under current law-to develop the hydropower resources of the Diamond Fork project for at least the next 10 years. Although there are no formal development proposals currently being considered by the bureau, two nonfederal entities-the Central Utah Water Conservancy District and the Strawberry Water Users' Association-have expressed interest in developing those resources since at least 1995.

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