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

H.R. 2316, Cooperative Management of Mineral Rights Act of 2017 1 (September 1, 2017)

handle is hein.congrec/cbo3753 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE 0COST ESTIMATE September 1, 2017 H.R. 2316 Cooperative Management of Mineral Rights Act of 2017 As ordered reported by the House Committee on Natural Resources on July 26, 2017 H.R. 2316 would repeal provisions in the Energy Policy Act of 1992 related to the development of privately-owned oil and gas resources located under federal land (known as split estates) in the Alleghany National Forest. Based on an analysis of information provided by the Forest Service, CBO estimates that enacting the bill would affect direct spending by changing the timing of when the federal government would collect timber receipts; therefore, pay-as-you-go procedures apply. However, we estimate that any such effects would be negligible. Enacting H.R. 2316 would not affect revenues. The bill would repeal a provision in current law that allows the Forest Service to sell any timber removed to make way for oil and gas development in the Alleghany National Forest directly to the firm developing the resources. Over the last five years, the agency sold timber valued at $2 million using that direct sale authority. Based on information provided by the Forest Service, CBO expects that, under the bill, the sale of certain timber would be delayed because it takes longer to complete a sale under alternative authorities than to conduct a direct sale. However, we expect that any delays would not be significant. The legislation also would repeal a provision in current law dating back to 1992 that required the Forest Service to issue regulations related to the development of oil and gas on split estates in the Alleghany National Forest. Because no regulations have been issued to date and CBO does not expect the agency to issue such regulations in the next 10 years, CBO estimates that repealing that provision would not affect the federal budget. CBO estimates that enacting H.R. 2316 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2028. H.R. 2316 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act. The CBO staff contact for this estimate is Jeff LaFave. The estimate was approved by Theresa Gullo, Assistant Director for Budget Analysis.

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