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1 1 (September 22, 2017)

handle is hein.congrec/cbo3814 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE U COST ESTIMATE September 22, 2017 H.R. 1418 A bill to amend the Alaska Native Claims Settlement Act to provide that Alexander Creek, Alaska, is and shall be recognized as an eligible Native village under that Act, and for other purposes As ordered reported by the House Committee on Natural Resources on July 26, 2017 SUMMARY H.R. 1418 would amend the Alaska Native Claims Settlement Act of 1971 (ANCSA) to recognize the Alexander Creek community in Alaska as an eligible Native village under the act, which would entitle the community to receive additional federal land in Alaska. Under the bill the Secretary of the Department of the Interior (DOI) would have 13 months following enactment to reach an agreement with the Alexander Creek Native village to settle land and other claims against the federal government. The cost of a settlement agreement is uncertain because the components of the proposed agreement are unknown. Whether or not such an agreement could become final under H.R. 1418, or if additional legislation would be needed to implement an agreement, is also unknown. CBO expects that DOI would probably propose a monetary settlement with the village with an estimated value of about $32 million. The settlement of such a monetary claim could be accomplished under the authority provided by H.R. 1418; alternatively, DOI might seek a specific appropriation in subsequent legislation to pay that claim and to enact any other settlement terms into law. To account for the uncertainty about how the proposed settlement would become final, CBO assumed that there is a 50 percent chance that the claim would be settled directly as a result of this bill, resulting in direct spending of $16 million over the 2018-2022 period and a 50 percent chance that a settlement would require future appropriations totaling $16 million over that period. Because enacting H.R. 1418 would increase direct spending, pay-as-you-go procedures apply. Enacting the bill would not affect revenues. CBO estimates that enacting the bill would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2028.

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