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H.R. 894, a bill to extend the authorization of the Highlands Conservation Act 1 (February 18, 2016)

handle is hein.congrec/cbo2766 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE February 18, 2016 H.R. 894 A bill to extend the authorization of the Highlands Conservation Act As ordered reported by the House Committee on Natural Resources on February 3, 2016 SUMMARY H.R. 894 would authorize the appropriation of $11 million a year through 2021 to conserve land and natural resources in four northeastern states. CBO estimates that implementing the legislation would cost $62 million over the 2016-2021 period and $4 million after 2021, assuming appropriation of the authorized amounts. Because enacting the bill would not affect direct spending or revenues, pay-as-you-go procedures do not apply. CBO estimates that enacting H.R. 894 would not increase net direct spending or budget deficits in any of the four consecutive 10-year periods beginning in 2027. H.R. 894 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA). Any costs incurred by state, local, or tribal governments, including matching contributions, would result from participation in a voluntary federal program. ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary effects of H.R. 894 are shown in the following table. The costs of this legislation fall within budget function 300 (natural resources and environment). By Fiscal Year, in Millions of Dollars 2016- 2016 2017 2018 2019 2020 2021 2021 CHANGES IN SPENDING SUBJECT TO APPROPRIATION Authorization Level 11 11 11 11 11 11 66 Estimated Outlays 8 10 11 11 11 11 62

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