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H.R. 825, Public Land Renewable Energy Development Act of 2017 1 (September 18, 2017)

handle is hein.congrec/cbo3752 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE September 18, 2017 H.R. 825 Public Land Renewable Energy Development Act of 2017 As ordered reported by the House Committee on Natural Resources on July 26, 2017 SUMMARY H.R. 825 would direct the Secretary of the Interior to spend, without further appropriation, all proceeds from geothermal, wind, and solar energy production on federal lands. Under current law, most of the proceeds from those activities are deposited in the general fund of the Treasury. The bill also would require the Secretary to identify priority areas on federal lands for the development of geothermal and wind energy. CBO estimates that enacting the bill would increase direct spending by $415 million over the 2018-2027 period; therefore, pay-as-you-go procedures apply. Enacting the bill would not affect revenues. In addition, CBO estimates that implementing H.R. 825 would cost $5 million over the 2018-2022 period; such spending would be subject to the availability of appropriated funds. CBO estimates that enacting H.R. 825 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 2028. H.R. 825 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. 825 is shown in the following table. The costs of this legislation fall within budget function 300 (natural resources and environment).

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