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1 H.R. 5513, Big Bear Land Exchange Act 1 (September 20, 2018)

handle is hein.congrec/cbobblex0001 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE U COST ESTIMATE September 20, 2018 H.R. 5513 Big Bear Land Exchange Act As ordered reported by the House Committee on Natural Resources on September 5, 2018 H.R. 5513 would direct the Forest Service to exchange, at the request of San Bernardino County, California, 73 acres of federal lands in the San Bernardino National Forest for 71 acres of lands owned by the county. The bill would require the county to pay any administrative costs associated with the land exchange. H.R. 5513 also would direct the Forest Service to relocate a portion of the Pacific Crest National Scenic Trail that is currently located on the federal lands to be exchanged. Using information from the Forest Service, CBO estimates that relocating the trail would cost less than $500,000; such spending would be subject to the availability of appropriated funds. Most of those costs would be for environmental reviews and trail construction. Enacting H.R. 5513 could affect direct spending; therefore, pay-as-you-go procedures apply. CBO expects that the value of the federal lands to be conveyed would exceed the value of the county lands. Under the bill, the county would be required to adjust the acreage of the land exchange or to make a cash equalization payment. Those payments would be recorded as offsetting receipts, which are treated as reductions in direct spending, and would be available to spend without further appropriation for acquiring land within the San Bernardino National Forest. CBO estimates that any such payment would not be significant and would be offset by subsequent direct spending; thus, the net effect on direct spending would be negligible. Enacting the bill would not affect revenues. CBO estimates that enacting H.R. 5513 would not increase net direct spending or on- budget deficits in any of the four consecutive 10-year periods beginning in 2029. H.R. 5513 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act. The CBO staff contact for this estimate is Janani Shankaran. The estimate was reviewed by H. Samuel Papenfuss, Deputy Assistant Director for Budget Analysis.

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