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Haiti Reforestation Act of 2011 1 (March 28, 2012)

handle is hein.congrec/cbo10692 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE March 28, 2012 S. 1023 Haiti Reforestation Act of 2011 As ordered reported by the Senate Committee on Foreign Relations on February 14, 2012 SUMMARY S. 1023 would authorize assistance to Haiti to reduce deforestation, increase efforts to restore forest cover, and improve management of natural resources. The bill would set specific targets for those efforts: promote the environmental recovery of 35 percent of Haiti's land area within five years, restore forest cover to at least 10 percent of Haiti within 30 years, and increase agroforestry (the simultaneous production of trees with crops or livestock) cover to more than 25 percent of Haiti within 10 years. CBO estimates that implementing S. 1023 would require appropriations of about $780 million and have a discretionary cost of about $460 million over the 2013-2017 period. (The remainder would be spent after 2017.) Pay-as-you-go procedures do not apply to this legislation because it would not affect direct spending or revenues. S. 1023 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 S. 1023 is shown in the following table. The costs of this legislation fall within budget function 150 (international affairs).

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