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S. 2739, Spokane Tribe of Indians of the Spokane Reservation Equitable Compensation Act 1 (September 16, 2016)

handle is hein.congrec/cbo3179 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE September 16, 2016 S. 2739 Spokane Tribe of Indians of the Spokane Reservation Equitable Compensation Act As ordered reported by the Senate Committee on Indian Affairs on May 11, 2016 SUMMARY S. 2739 would provide compensation to the Spokane Tribe of Indians for tribal lands used in the construction of the Grand Coulee Dam in Washington. The bill would establish the Spokane Tribe of Indians Recovery Trust Fund and would require the Bonneville Power Administration (BPA) to make annual payments to the tribe from receipts generated from the sale of electricity. CBO estimates that enacting the legislation would increase net direct spending by $56 million over the 2017-2026 period; therefore, pay-as-you-go procedures apply. Enacting the bill would not affect revenues. CBO estimates that enacting the legislation would not increase net direct spending or on-budget deficits by more than $5 billion in any of the four consecutive 10-year periods beginning in 2027. S. 2739 would impose an intergovernmental mandate as defined in the Unfunded Mandates Reform Act (UMRA) by extinguishing the monetary claims of the Spokane Tribe of Indians against the United States for hydropower revenues and for past and continued use of their land. CBO estimates that the cost of the mandate would not exceed the annual threshold established in that act ($77 million in 2016, adjusted annually for inflation). S. 2739 contains no private-sector mandates as defined in UMRA. ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary effect of S. 2739 is shown in the following table. The costs of this legislation fall within budget functions 450 (community and regional development) and 270 (energy).

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