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H.R. 1810, a bill to revise the boundaries of John H. Chafee Coastal Barrier Resources System Gasparilla Island Unit in Florida 1 (July 18, 2014)

handle is hein.congrec/cbo1778 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE July 18, 2014 H.R. 1810 A bill to revise the boundaries of John H. Chafee Coastal Barrier Resources System Gasparilla Island Unit in Florida As ordered reported by the House Committee on Natural Resources on July 16, 2014 H.R. 1810 would update a map of the Coastal Barrier Resources System (CBRS) near Boca Raton, Florida. Based on information from the U.S. Fish and Wildlife Service, CBO estimates that implementing the legislation would have no significant effect on the federal budget. Because H.R. 1810 could affect direct spending, pay-as-you-go procedures apply. However, we estimate that any net change in direct spending would be negligible over the 2015-2024 period. Enacting the bill would not affect revenues. The bill would revise CBRS maps for the Gasparilla Island Unit within the system and, on net, would add 1,750 acres of land to the CBRS. The modified maps would exclude certain private acreage, which would enable owners of about 30 structures to purchase federal flood insurance. CBO estimates that, relative to current law, enacting H.R. 1810 could increase premium collections of the National Flood Insurance Fund by less than $100,000 annually. Such collections would be offset by new mandatory spending for underwriting and administrative expenses and new flood insurance claims over the 2015-2024 period. H.R. 1810 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 contacts for this estimate are Jeff LaFave and Daniel Hoople. The estimate was approved by Theresa Gullo, Deputy Assistant Director for Budget Analysis.

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