About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

1 H.R. 4731, a Bill to Extend the Retained Use Estate for the Caneel Bay Resort in St. John, United States Virgin Islands, and for Other Purposes 1 (June 18, 2018)

handle is hein.congrec/bxruscbr0001 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE June 18, 2018 H.R. 4731 A bill to extend the retained use estate for the Caneel Bay resort in St. John, United States Virgin Islands, and for other purposes As ordered reported by the House Committee on Natural Resources on March 7, 2018 SUMMARY Under current law, the Caneel Bay resort in the Virgin Islands National Park operates under a retained use estate (RUE), an arrangement that grants a private entity that is not the landowner managerial control over the resort. When the RUE expires in 2023, the National Park Service (NPS) will assume managerial control over the resort. H.R. 4731 would, upon request by the current RUE holder, extend the RUE for an additional 60 years. H.R. 4731 would require the RUE holder to make payments that would be deposited into the general fund of the Treasury. Those payments would be recorded on the budget as offsetting receipts, which are recorded in the budget as reductions in direct spending. CBO estimates that enacting the bill would reduce direct spending by $3 million over the 2019-2028 period. Because enacting H.R. 4731 would affect direct spending, pay-as-you- go procedures apply. Enacting the bill would not affect revenues. CBO estimates that enacting H.R. 4731 would not increase net direct spending or on- budget deficits in any of the four consecutive 10-year periods beginning in 2029. H.R. 4731 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA). ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary effect of H.R. 4731 is shown in the following table. The costs of the legislation fall within budget function 300 (natural resources and environment).

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most