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H.R. 4194, a Bill to Amend the Alaska Native Claims Settlement Act to Provide That Alexander Creek, Alaska, Is and Shall Be Recognized as an Eligible Native Village under That Act, and for Other Purposes 1 (November 15, 2012)

handle is hein.congrec/cbo10935 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE November 15, 2012 H.R. 4194 A bill to amend the Alaska Native Claims Settlement Act to provide that Alexander Creek, Alaska, is and shall be recognized as an eligible Native village under that Act, and for other purposes As ordered reported by the House Committee on Natural Resources on August]1, 2012 SUMMARY CBO estimates that enacting H.R. 4194 would cost $30 million over the 2013-2022 period. Because those costs would increase direct spending, pay-as-you-go procedures apply. Enacting the legislation would not affect revenues or spending subject to appropriation. ESTIMATED COST TO THE FEDERAL GOVERNMENT H.R. 4194 would designate the Alexander Creek community in Alaska as a Native village under the Alaska Native Claims Settlement Act of 1971 (ANCSA). The community is currently recognized as a Native group under ANCSA. The legislation would require the Department of the Interior (DOI) to settle land and other claims with the newly designated Native village by December 31, 2012. ANCSA established a process to classify Native Alaskan communities for the purpose of conveying nearly 44 million acres of federal land to those communities. Under ANCSA, Native villages are entitled to about 69,000 acres, and Native groups can receive up to about 8,000 acres. The Alexander Creek community was classified as a Native group in 1974, and that classification was affirmed and codified in the Alaska National Interest Lands Conservation Act of 1980 (ANILCA). In that agreement, the Alexander Creek community was entitled to receive almost 8,000 acres of federal land. H.R. 4194 would supersede the ANILCA agreement and would classify the Alexander Creek community as a Native village, allowing them to receive an additional 61,000 acres of land. CBO estimates that 61,000 acres of land in this area of Alaska would have an appraised value of about $30 million. Because most eligible lands have already been conveyed to the state of Alaska, CBO expects that the settlement under H.R. 4194 would be in the form of a monetary settlement from the Treasury's Judgment Fund (a permanent, indefinite

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