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

1 S. 400, a Bill to Establish a Procedure for the Conveyance of Certain Federal Property around Dickinson Reservoir in the State of North Dakota 1 (July 9, 2018)

handle is hein.congrec/cbobefdkf0001 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE July 9, 2018 S. 440 A bill to establish a procedure for the conveyance of certain Federal property around Dickinson Reservoir in the State of North Dakota As ordered reported by the Senate Committee on Energy and Natural Resources on May 17, 2018 S. 440 would direct the Bureau of Reclamation (BOR) to convey certain federal land located near the Dickinson Reservoir in North Dakota to the Dickinson Parks and Recreation department. Under the bill, after the property is conveyed, the department could sell the property to certain existing cabin permit holders and the net proceeds of those transaction would be paid to the federal government. Those proceeds would be classified as offsetting receipts, which are treated as reductions in direct spending, and could subsequently be spent by BOR without further appropriation. Enacting S. 440 would increase offsetting receipts and the associated direct spending; therefore, pay-as-you-go procedures apply. However, CBO estimates that the net effect on the budget would be negligible. Enacting S. 440 would not affect revenues. Under S. 440, BOR would convey specified federal property to the Dickinson Parks and Recreation department within 5 years after enactment. Using information from BOR, CBO expects that 41 cabin permit holders would purchase lots from the department for about $100,000 per lot. CBO estimates that the department would transfer the net proceeds of about $4 million to the federal government and those offsetting receipts would be spent for annual operations costs and deferred maintenance projects at the Jamestown Dam and Reservoir in North Dakota. CBO estimates that enacting S. 440 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2029. S. 440 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act. The CBO staff contact for this estimate is Aurora Swanson. The estimate was reviewed by Leo Lex, Deputy 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