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H.R. 2387, Alaska Native Veterans Land Allotment Equity Act 1 (November 18, 2016)

handle is hein.congrec/cbo3300 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE November 18, 2016 H.R. 2387 Alaska Native Veterans Land Allotment Equity Act As ordered reported by the House Committee on Natural Resources on September 22, 2016 SUMMARY H.R. 2387 would amend the Alaska Native Claims Settlement Act to provide certain Alaska Natives or their heirs the opportunity to apply for allotments of land in the state. The bill also would require that some previously rejected applications for allotments of land in national forests in Alaska be reopened. CBO estimates that implementing H.R. 2387 would cost $50 million over the 2017-2021 period and $80 million after 2021, assuming appropriation of the necessary amounts. Enacting H.R. 2387 would affect direct spending; therefore, pay-as-you-go procedures apply. However, CBO expects that net changes in direct spending would be insignificant in any year and over the 2017-2026 period. Enacting the bill would not affect revenues. CBO estimates that enacting the legislation would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2027. H.R. 2387 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would impose no costs on state, local, or tribal governments. ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary effect of H.R. 2387 is shown in the following table. The costs of this legislation fall within budget function 450 (community and regional development) and 300 (natural resources and enviornment).

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