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H.R. 218, King Cove Road Land Exchange Act 1 (July 12, 2017)

handle is hein.congrec/cbo3625 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE July 12, 2017 H.R. 218 King Cove Road Land Exchange Act As ordered reported by the House Committee on Natural Resources on June 27, 2017 H.R. 218 would require the U.S. Fish and Wildlife Service to convey, at the request of the State of Alaska, 206 acres of federal land in the Izembek National Wildlife Refuge to allow for the construction of a road. In exchange, the state would convey to the federal government an amount of land up to 43,000 acres with a total fair market value equal to the value of the federal lands the state would receive. CBO expects that the total value of the state-owned land identified for exchange under the bill (43,000 acres) would exceed the value of the federal lands; therefore, we expect that the state would convey a portion of that acreage equalize the value of the lands being conveyed by the two parties and that no cash would be exchanged in the transaction. Because none of the federal lands that would be conveyed are expected to generate receipts over the next 10 years, CBO estimates that enacting the bill would not affect direct spending. The federal government would incur certain administrative costs associated with the exchange, including surveys and appraisals. Because the bill would require the road to be built in accordance with an environmental impact statement completed in 2013, an updated impact statement would not be required. In total, CBO estimates that any costs incurred in implementing the legislation would total less than $500,000; that spending would be subject to the availability of appropriated funds. Because enacting H.R. 218 would not affect direct spending or revenue, pay-as-you-go procedures do not apply. CBO estimates that enacting H.R. 218 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2028. H.R. 218 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act and would impose no costs on state, local, or tribal governments. The CBO staff contact for this estimate is Jeff LaFave. The estimate was approved by H. Samuel Papenfuss, Deputy Assistant Director for Budget Analysis.

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