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S. 1934, Clifford P. Hansen Federal Courthouse Conveyance Act 1 (April 10, 2014)

handle is hein.congrec/cbo1551 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE April 10, 2014 S. 1934 Clifford P. Hansen Federal Courthouse Conveyance Act As ordered reported by the Senate Committee on the Environment and Public Works on April 3, 2014 S. 1934 would direct the General Services Administration (GSA) to sell certain property in Jackson, Wyoming, to Teton County. CBO estimates that enacting the legislation would increase offsetting receipts, which are collections that are treated as reductions in direct spending; therefore, pay-as-you-go procedures apply. However, we estimate that net offsetting receipts from the sale would be negligible. Enacting S. 1934 would not affect revenues. S. 1934 would authorize GSA to sell a courthouse in downtown Jackson, Wyoming. The land where the courthouse stands was conveyed by Teton County to the federal government in 1986. Currently, the federal district court uses the facility one to four days per month. The county circuit court and the town of Jackson municipal court also use the facility. S. 1934 would require the county to cover all costs associated with the conveyance. Under the bill, the land would be sold to the county for $1 and the building would be sold at fair market value with the stipulation that the facility must continue to be used for public purposes. CBO expects that this property would eventually be conveyed to the county under current law. Enacting this legislation would probably accelerate the process of selling the property, and therefore, the collection of sale proceeds also would be accelerated. However, we estimate that the net budgetary effect would be small. S. 1934 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act and would impose no costs on state, local, or tribal governments. The CBO staff contact for this estimate is Matthew Pickford. The estimate was approved by Theresa Gullo, Deputy Assistant Director for Budget Analysis.

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