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H.R. 2130, the Red River Private Property Protection Act 1 (November 2, 2015)

handle is hein.congrec/cbo2591 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE November 2, 2015 H.R. 2130 Red River Private Property Protection Act As ordered reported by the House Committee on Natural Resources on September 10, 2015 SUMMARY H.R. 2130 would establish a process under which the Bureau of Land Management (BLM) would dispose of roughly 30,000 acres of federal land along the border between Texas and Oklahoma. As part of that process, the bill would require BLM to commission a survey of a 116-mile segment of the Red River and about 160 tracts of land adjacent to the river. CBO estimates that enacting the bill would increase net offsetting receipts, which are treated as reductions in direct spending, by $5 million over the 2018-2025 period; therefore, pay-as-you-go procedures apply. Enacting H.R. 2130 would not affect revenues. In addition, based on information provided by BLM and the Texas General Land Office, CBO estimates that implementing the bill would cost $2 million over the 2016-2020 period, assuming appropriation of the necessary amounts. CBO estimates that enacting H.R. 2130 would not increase net direct spending or on-budget deficits by more than $5 billion in any of the four consecutive 10-year periods beginning in 2026. H.R. 2130 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would impose no costs on state, local, or tribal governments. ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary effect of H.R. 2130 is shown in the following table. The costs of this legislation fall within budget function 300 (natural resources and environment).

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