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1 S. 466, an Act to Clarify the Description of Certain Federal Land under the Northern Arizona Land Exchange and Verde River Basin Partnership Act of 2005 to Include Additional Land in the Kaibab National Forest [1] (March 20, 2018)

handle is hein.congrec/cbomayam0001 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE March 20, 2018 S. 466 An act to clarify the description of certain Federal land under the Northern Arizona Land Exchange and Verde River Basin Partnership Act of 2005 to include additional land in the Kaibab National Forest As ordered reported by the House Committee on Natural Resources on March 14, 2018 S. 466 would amend current law to clarify that the Secretary of Agriculture is authorized to convey about 238 acres of federal land to a summer camp in Arizona. Under current law, the Secretary is authorized to convey 212 acres to the camp. Using information provided by the Forest Service, CBO estimates that implementing the act would not affect the federal budget. Because CBO expects that the acreage that could be conveyed under the act would not generate any income over the next 10 years, enacting S. 466 would not affect direct spending. Enacting S. 466 also would not affect revenues; therefore, pay-as-you-go procedures do not apply. CBO estimates that enacting S. 466 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year period beginning in 2028. S. 466 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA). The act would modify the terms of a land exchange between the federal government and a private business, which would have a small incidental effect on property taxes collected by the state and local governments in Arizona. That effect, however, would not result from an intergovernmental mandate as defined in UMRA. On April 7, 2017, CBO transmitted a cost estimate for S. 466, a bill to clarify the description of certain Federal land under the Northern Arizona Land Exchange and Verde River Basin Partnership Act of 2005 to include additional land in the Kaibab National Forest, as ordered reported by the Senate Committee on Energy and Natural Resources on March 30, 2017. The pieces of legislation are similar and CBO's estimates of their budgetary effects are the same. The CBO staff contacts for this estimate are Jeff LaFave (for federal costs) and Zachary Byrum (for mandates). The estimate was approved by H. Samuel Papenfuss, Deputy Assistant Director for Budget Analysis.

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