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S. 609, San Juan County Federal Land Conveyance Act 1 (October 1, 2014)

handle is hein.congrec/cbo1933 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE 0 COST ESTIMATE October 1, 2014 S. 609 San Juan County Federal Land Conveyance Act As ordered reported by the House Committee on Natural Resources on September 18, 2014 S. 609 would authorize the Bureau of Land Management (BLM) to sell certain federal lands located in San Juan County, New Mexico. Based on information provided by the agency, CBO estimates that implementing the act would have no significant effect on the federal budget. Because enacting the legislation would increase offsetting receipts, pay-as-you-go procedures apply. However, CBO estimates that those receipts would not exceed $500,000. Enacting S. 609 would not affect revenues. S. 609 would authorize BLM to sell 19 acres of federal land to private landowners. The act would require the landowners to pay fair market value for the property. Based on information provided by BLM, CBO estimates that proceeds from the sale of the affected lands would increase offsetting receipts by about $300,000. In addition, S. 609 would require landowners to pay for the required survey and cover any administrative costs associated with the sale. S. 609 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. On May 30, 2013, CBO transmitted a cost estimate for S. 609, the San Juan County Federal Land Conveyance Act, as ordered reported by the Senate Committee on Energy and Natural Resources on May 16, 2013. The Senate version of the legislation authorized BLM to retain and spend proceeds from the sale of the affected lands. That difference is reflected in the cost estimates for the two versions of the legislation. The CBO staff contact for this estimate is Jeff LaFave. The estimate was approved by Theresa Gullo, Deputy Assistant Director for Budget Analysis.

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