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1 H.R. 6299, Nevada Lands Bill Technical Corrections Act of 2018 1 (September 24, 2018)

handle is hein.congrec/cbonvlbt0001 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE a COST ESTIMATE September 24, 2018 H.R. 6299 Nevada Lands Bill Technical Corrections Act of 2018 As ordered reported by the House Committee on Natural Resources on September 5, 2018 SUMMARY H.R. 6299 would amend several current laws related to the management and conveyance of land managed by the Bureau of Land Management (BLM) in Nevada. The bill also would direct the Postal Service (USPS) to establish a new ZIP code for a community in Nevada. CBO estimates that implementing H.R. 6299 would cost less than $500,000 over the 2019-2023 period; any spending would be subject to the availability of appropriated funds. CBO also estimates that enacting the bill would increase direct spending by $2 million over the 2019-2028 period; therefore, pay-as-you-go procedures apply. The bill would not affect revenues. CBO estimates that enacting H.R. 6299 would not significantly increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2029. H.R. 6299 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA). BASIS OF ESTIMATE The estimated costs of the legislation fall within budget functions 300 (natural resources and environment) and 370 (commerce and housing credit). CBO assumes that the bill will be enacted before the end of 2018. Direct Spending In total, CBO estimates that enacting H.R. 6299 would increase direct spending by $2 million over the 2019-2028 period.

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