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1 H.R. 1404, Pascua Yaqui Tribe Land Conveyance Act 1 (March 20, 2018)

handle is hein.congrec/cbomayan0001 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE March 20, 2018 H.R. 1404 Pascua Yaqui Tribe Land Conveyance Act As ordered reported by the Senate Committee on Energy and Natural Resources on March 8, 2018 H.R. 1404 would authorize exchanges of land and related interests among the Pascua Yaqui Indian Tribe in Pima County, Arizona, the Tucson Unified School District, and the federal government. The proposed transactions involve three parcels of land and would be contingent on the school district relinquishing its interest in nearly 40 acres of land, which the Department of the Interior (DOI) would take into trust on behalf of the tribe. In exchange, DOI would convey to the school district roughly 13 acres of other land and, if requested by the district, the federal government's reversionary interest in nearly 28 acres of additional land, provided that the school district pays DOI the fair market value of such lands and interests. CBO estimates that enacting H.R. 1404 would have no significant effect on the federal budget. Information from DOI indicates that any administrative costs incurred under the bill (which would be subject to appropriation) would not exceed $500,000 in any year. According to DOI, the affected lands currently generate no significant receipts and are not expected to do so over the next 10 years. Using information from the Pima County Assessor's Office about the estimated market value of lands and interests that would be conveyed to the school district under the bill, CBO estimates that any proceeds to the federal government would total less than $500,000. Any such amounts would be recorded as offsetting receipts (or a reduction in direct spending); therefore, pay-as-you-go procedures apply. Enacting H.R. 1404 would not affect revenues. CBO estimates that enacting H.R. 1404 would not increase net direct spending or on- budget deficits in any of the four consecutive 10-year periods beginning in 2028. H.R. 1404 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act.

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