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H.R. 387, Economic Development Through Tribal Land Exchange Act 1 (November 3, 2015)

handle is hein.congrec/cbo2587 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE November 3, 2015 H.R. 387 Economic Development Through Tribal Land Exchange Act As ordered reported by the Senate Committee on Indian Affairs on October 21, 2015 H.R. 387 would authorize the exchange of interests in lands among the Morongo Band of Mission Indians, a private land owner, and the city of Banning, California. Because the tribal lands are held in trust by the federal government for the benefit of the tribe, the tribe needs Congressional authorization to enter into the land exchange. CBO estimates that implementing the legislation would have no significant effect on the federal budget. Enacting H.R. 387 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply. CBO estimates that enacting H.R. 387 would not increase net direct spending or on-budget deficits in any of the next four consecutive 10-year periods beginning in 2026. H.R. 387 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act. On June 18, 2015, CBO transmitted a cost estimate for H.R. 387 as ordered reported by the House Committee on Natural Resources on June 11, 2015. The two versions of the legislation are identical, and the estimated budgetary effects are the same. The CBO staff contact for this estimate is Megan Carroll. The estimate was approved by H. Samuel Papenfuss, Deputy Assistant Director for Budget Analysis.

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