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H.R. 487, a Bill to Allow the Miami Tribe of Oklahoma to Lease or Transfer Certain Lands 1 (October 19, 2015)

handle is hein.congrec/cbo2588 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE October 19, 2015 H.R. 487 A bill to allow the Miami Tribe of Oklahoma to lease or transfer certain lands As ordered reported by the Senate Committee on Indian Affairs on October 7, 2015 H.R. 487 would authorize the Miami Tribe of Oklahoma to lease, sell, warrant, or otherwise transfer any tribal property that is not held in trust by the federal government for the benefit of the tribe. Based on information provided by the Bureau of Indian Affairs, CBO estimates that implementing the legislation would have no effect on the federal budget. Enacting H.R. 487 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply. Any receipts from the transfer of the land under the legislation would be paid directly to the tribe. CBO estimates that enacting H.R. 487 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2026. H.R. 487 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act and would benefit the tribe. On July 22, 2015, CBO transmitted a cost estimate for H.R. 487, a bill to allow the Miami Tribe of Oklahoma to lease or transfer certain lands, as ordered reported by the House Committee on Natural Resources on July 9, 2015. The two versions of the legislation are identical and CBO's estimate of the budgetary effects are the same. The CBO staff contact for this estimate is Kim Cawley. The estimate was approved by H. Samuel Papenfuss, Deputy Assistant Director for Budget Analysis.

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