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H.R. 3382, Lake Tahoe Restoration Act of 2015 1 (December 8, 2015)

handle is hein.congrec/cbo2660 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE December 8, 2015 H.R. 3382 Lake Tahoe Restoration Act of 2015 As ordered reported by the House Committee on Natural Resources on October 8, 2015 SUMMARY H.R. 3382 would authorize the appropriation of $6 million a year through 2025 to carry out activities related to protecting the ecological health of the Lake Tahoe Basin in California and Nevada. Most of those funds would be used to reduce risks posed by fires and invasive species. The bill also would authorize the Secretary of Agriculture to convey certain parcels of federal land. Assuming appropriation of the amounts authorized in the bill, CBO estimates that implementing H.R. 3382 would cost $29 million over the 2016-2020 period and an additional $30 million after 2020. Enacting the legislation would increase offsetting receipts from land sales, which are treated as reductions in direct spending, by $64 million over the 10-year period and revenues from civil penalties by an insignificant amount. Because enacting the bill would affect direct spending and revenues, pay-as-you-go procedures apply. CBO estimates that enacting H.R. 3382 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2026. H.R. 3382 would impose an intergovernmental and private-sector mandate as defined in the Unfunded Mandates Reform Act (UMRA) on owners and operators of watercraft launched in the waters of the Lake Tahoe Basin. It also would impose a private-sector mandate on individuals seeking judicial review of some forest management activities on federal lands. CBO estimates that the cost of the mandates would fall below the annual thresholds established in UMRA for intergovernmental and private-sector mandates ($77 million and $154 million in 2015, respectively, adjusted annually for inflation). ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary effect of H.R. 3382 is shown in the following table. The costs of this legislation fall within budget function 300 (natural resources and environment).

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