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H.R. 404, a bill to authorize early repayment of obligations to the Bureau of Reclamation within the Northport Irrigation District in the State of Nebraska 1 (March 3, 2015)

handle is hein.congrec/cbo2132 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE March 30, 2015 H.R. 404 A bill to authorize early repayment of obligations to the Bureau of Reclamation within the Northport Irrigation District in the State of Nebraska As ordered reported by the House Committee on Natural Resources on March 25, 2015 H.R. 404 would allow individual landowners in the Northport Irrigation District in Nebraska to repay their share of the cost to build the North Platte Project in Nebraska. Based on information from the Bureau of Reclamation, CBO estimates that enacting the legislation would have an insignificant effect on the federal budget. Because the legislation would affect direct spending, pay-as-you-go procedures apply. Enacting H.R. 404 would not affect revenues. Currently, the Northport Irrigation District is not making payments to the bureau on the district's outstanding obligation of $924,000 that it owes for the construction of the irrigation project. Based on information from the bureau, CBO does not expect the district to begin repaying this debt during the next several years. H.R. 404 would allow the 25 individual landowners in the district to pay their portion of the balance early. Based on information from the district, we expect that about half of those landowners would do so under the bill. CBO estimates that those payments would increase offsetting receipts to the federal government (which are treated as reductions in direct spending) by about $440,000 over the 2016-2025 period. H.R. 404 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 Aurora Swanson. This estimate was approved by Theresa Gullo, Assistant Director for Budget Analysis.

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