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1 1 (October 25, 2017)

handle is hein.congrec/cbo3804 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE 0I COST ESTIMATE October 25, 2017 H.R. 3567 A bill to authorize the purchase of a small parcel of National Resources Conservation Service property in Riverside, California, by the Riverside Corona Resource Conservation District, and for other purposes As ordered reported by the House Committee on Agriculture on October 4, 2017 H.R. 3567 would require the Secretary of Agriculture to sell about nine acres of land in Riverside, California, to the Riverside Corona Resource Conservation District (district). Based on information provided by the Natural Resources Conservation Service (NRCS) and the district regarding the fair market value of similar properties in Riverside, CBO estimates that enacting the bill would increase offsetting receipts, which are treated as reductions in direct spending, by $1 million in 2018. Under current law, the affected lands are managed under a cooperative agreement between the NRCS and the district and are used for research and conservation purposes. None of those lands are expected to generate receipts over the next 10 years. The bill also would authorize the NRCS to enter into contracts or leases with the district after the lands are conveyed in order to allow the agency to occupy its current facilities. Based on information provided by the NRCS and the district, CBO does not expect that the conservation district would make any improvements on the affected lands that would be paid for using agency payments; therefore, we estimate that enacting that provision would not increase direct spending. (If the district made improvements to the facilities occupied by the NRCS and recouped the cost of those improvements from contractual payments made by the agency, CBO would probably view any payments as direct spending.) The Statutory Pay-As-You-Go Act of 2010 establishes budget-reporting and enforcement procedures for legislation affecting direct spending or revenues. The net changes in outlays that are subject to those pay-as-you-go procedures are shown in the following table. Enacting the bill would not affect revenues.

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