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H.R. 3521, Department of Veterans Affairs Major Medical Facility Lease Authorization Act of 2013 1 (December 6, 2013)

handle is hein.congrec/cbo11419 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE December 6, 2013 H.R. 3521 Department of Veterans Affairs Major Medical Facility Lease Authorization Act of 2013 As ordered reported by the House Committee on Veterans'Affairs on November 20, 2013 SUMMARY H.R. 3521 would authorize the Department of Veterans Affairs (VA) to enter into leases to obtain the use of major medical facilities at 27 specified locations. Based on VA's long-established practice, CBO expects that the department would implement that authorization by awarding contracts for the construction and long-term use of those facilities without recording the full amount of the government's commitment as an obligation of its appropriated funds. Thus, H.R. 3521 would effectively be providing budget authority for an amount of obligations that exceeds what we expect VA initially would charge against its appropriation. By CBO's estimate, that additional budget authority would amount to $1.4 billion. Hence, CBO estimates that enacting this bill would increase direct spending by about $1.4 billion over the 2014-2023 period. Because the bill would affect direct spending, pay-as-you-go procedures apply. We also estimate that, assuming appropriation of the necessary amounts, implementing the bill would have a discretionary cost of $124 million over the 2014-2023 period. Enacting H.R. 3521 would not affect federal revenues. H.R. 3521 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would not affect the budgets of state, local, or tribal governments. ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary impact of H.R. 3521 is shown in the following table. The costs of this legislation fall within budget function 700 (veterans benefits and services).

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