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1 S. 2074, a Bill to Establish a Procedure for the Conveyance of Certain Federal Property around Jamestown Reservoir in the State of North Dakota, and for Other Purposes 1 (July 9, 2018)

handle is hein.congrec/cbobpjmst0001 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE July 9, 2018 S. 2074 A bill to establish a procedure for the conveyance of certain Federal property around Jamestown Reservoir in the State of North Dakota, and for other purposes As ordered reported by the Senate Committee on Energy and Natural Resources on May 17, 2018 S. 2074 would direct the Bureau of Reclamation (BOR) to convey certain federal land and facilities located near the Jamestown Reservoir in North Dakota to the Stutsman County Park Board. After the property is conveyed, the board could sell the property to existing cabin permit holders, and the net proceeds of those transactions 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. 2074 would increase 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. 2074 would not affect revenues. Under S. 2074, BOR would convey specified federal property to the Stutsman County Park Board within 5 years after enactment. Using information from BOR, CBO estimates that 71 cabin permit holders would purchase lots from the board for an estimated $100,000 per lot. CBO estimates that the board would transfer the net proceeds of about $7 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. 2074 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2029. S. 2074 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.

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