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H.R. 2009, Pascua Yaqui Tribe Land Conveyance Act of 2015 1 (May 9, 2016)

handle is hein.congrec/cbo2938 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE May 9, 2016 H.R. 2009 Pascua Yaqui Tribe Land Conveyance Act of 2015 As ordered reported by the House Committee on Natural Resources on March 16, 2016 H.R. 2009 would authorize exchanges of land and related interests among the Pascua Yaqui Indian Tribe in Pima County, Arizona, the Tucson Unified School District, and the federal government. The proposed transactions involve three parcels of land and would be contingent on the school district relinquishing its interest in nearly 40 acres of land, which the Department of the Interior (DOI) would take into trust on behalf of the tribe. In exchange, DOI would convey to the school district roughly 13 acres of other land and, if requested by the district, the federal government's reversionary interest in nearly 28 acres of additional land, provided that the school district pays DOI the fair market value of such lands and interests. CBO estimates that enacting H.R. 2009 would have no significant effect on the federal budget. Based on information from DOI, CBO estimates that any administrative costs incurred under the bill (which would be subject to appropriation), would not exceed $500,000 in any year. According to DOI, the affected lands currently generate no significant receipts and are not expected to do so over the next 10 years. Based on information from the Pima County Assessor's Office about the estimated market value of lands and interests that would be conveyed to the school district under the bill, CBO estimates that any proceeds to the federal government would total less than $500,000. Any such amounts would be recorded as offsetting receipts (a credit against direct spending); therefore, pay-as-you-go procedures apply. Enacting H.R. 2009 would not affect revenues. CBO estimates that enacting H.R. 2009 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2027. H.R. 2009 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act. The CBO staff contact for this estimate is Megan Carroll. The estimate was approved by H. Samuel Papenfuss, Deputy Assistant Director for Budget Analysis.

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