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H.R. 2370, Escambia County Land Conveyance Act 1 (July 19, 2017)

handle is hein.congrec/cbo3615 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE July 19, 2017 H.R. 2370 Escambia County Land Conveyance Act As ordered reported by the House Committee on Natural Resources on June 27, 2017 H.R. 2370 would authorize Escambia County in Florida to convey to private entities certain property that it received from the federal government. The specified properties were formerly part of the Santa Rosa Island National Monument and were transferred from the National Park Service (NPS) to Escambia County in 1947 for public purposes. Under the terms of that conveyance, Escambia County may re-convey the properties to the federal government or to the state of Florida. H.R. 2370 would remove that condition and add new conditions. First, the bill would require Escambia County to convey to Santa Rosa County, Florida, any of the property that falls within the jurisdictional boundary of Santa Rosa County. Second, any proceeds above the direct or incidental costs of the conveyances would be transferred to the federal government. CBO estimates that implementing the legislation would result in no costs to the federal government. Enacting H.R. 2370 could affect revenues because any proceeds collected above the direct and incidental costs associated with a land conveyance would be deposited into the general fund of the Treasury. Therefore pay-as-you-go procedures apply. However, based upon information provided by Escambia County and Santa Rosa County, CBO expects that the proceeds, net of the conveyance costs, would not be significant. CBO estimates that enacting H.R. 2370 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2028. H.R. 2370 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandate Reform Act and would impose no costs on state, local, or tribal governments. The CBO staff contact for this estimate is Janani Shankaran. The estimate was approved by H. Samuel Papenfuss, Deputy Assistant Director for Budget Analysis.

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