About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

H.R. 1820, a bill to authorize the Secretary of the Interior to retire coal preference right lease applications for which the Secretary has made an affirmative commercial quantities determination, and for other purposes 1 (March 4, 2016)

handle is hein.congrec/cbo2768 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE March 4, 2016 H.R. 1820 A bill to authorize the Secretary of the Interior to retire coal preference right lease applications for which the Secretary has made an affirmative commercial quantities determination, and for other purposes As ordered reported by the House Committee on Natural Resources on October 8, 2015 SUMMARY H.R. 1820 would authorize the Secretary of the Interior to provide Ark Coal Company (Ark) with bidding credits to acquire federally-owned mineral rights if Ark agrees to relinquish its rights to acquire noncompetitive coal leases on certain federal lands. Bidding credits are assigned a dollar value and can be used in lieu of cash to make certain payments to the federal government. The bill also would authorize the Secretary to make payments to any states where the bidding credits are used. Those payments would equal 50 percent of the total value of the credits expended. Based on information provided by the Bureau of Land Management (BLM) and coal industry representatives, CBO estimates that enacting H.R. 1820 would increase direct spending by $34 million over the 2017-2021 period; therefore, pay-as-you-go procedures apply. Enacting the bill would not affect revenues. CBO estimates that enacting the legislation would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2027. H.R. 1820 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. 1820 is shown in the following table. The costs of this legislation fall within budget function 300 (natural resources and environment).

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most