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1 H.R. 4851, Kennedy-King National Commemorative Site Act [1] (March 16, 2018)

handle is hein.congrec/cbomayae0001 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE a COST ESTIMATE March 16, 2018 H.R. 4851 Kennedy-King National Commemorative Site Act As ordered reported by the House Committee on Natural Resources on March 14, 2018 H.R. 4851 would designate the Landmark for Peace Memorial in Indianapolis, Indiana, as the Kennedy-King National Commemorative Site. Under H.R. 4851, the National Park Service (NPS) could enter into cooperative agreements with public and private entities for interpretive and educational purposes related to the site. The site would not be owned or operated by the federal government. The bill also would direct the NPS to study the suitability and feasibility of designating the site as a unit of the National Park System. Based on the costs of similar activities, CBO estimates that implementing H.R. 4851 would cost less than $500,000; such spending would be subject to the availability of appropriated funds. Enacting H.R. 4851 would not affect direct spending or revenues; therefore, pay-as-you- go procedures do not apply. CBO estimates that enacting H.R. 4851 would not increase net direct spending or on- budget deficits in any of the four consecutive 10-year periods beginning in 2028. H.R. 4851 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act. The CBO staff contact for this estimate is Janani Shankaran. The estimate was approved by H. Samuel Papenfuss, Deputy Assistant Director for Budget Analysis.

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