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CBO Cost Estimate - H.R. 665 1 (February 24, 2012)

handle is hein.congrec/cbo10674 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE February 24, 2012 H.R. 665 Excess Federal Building and Property Disposal Act of 2011 As ordered reported by the House Committee on Oversight and Government Reform on November 17, 2011 SUMMARY H.R. 665 would amend the Federal Property and Administrative Services Act (Property Act) to facilitate the disposal of federal real property. The legislation would establish a five-year pilot program to expedite the disposal of excess and surplus federal property. CBO estimates that enacting the bill would increase net direct spending by $100 million over the 2012-2022 period because it would authorize the General Services Administration (GSA) and other federal agencies to spend proceeds from the sale of federal property that are expected to be collected under current law. Enacting H.R. 665 would not affect revenues. Because the legislation would affect direct spending, pay-as- you-go procedures apply. In addition, CBO estimates that implementing the legislation would cost $2 million over the 2012-2017 period, assuming the availability of appropriated funds. H.R. 665 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 impact of H.R. 665 is shown in the following table. The costs of this legislation fall within budget function 800 (general government) and all budget functions that contain landholding agencies, except 050 (national defense).

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