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1 H.R. 2630, La Paz County Land Conveyance Act [i] (January 23, 2018)

handle is hein.congrec/lapzcodv0001 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE a COST ESTIMATE January 23, 2018 H.R. 2630 La Paz County Land Conveyance Act As ordered reported by the House Committee on Natural Resources on November 30, 2017 H.R. 2630 would direct the Department of the Interior (DOI) to convey, upon request, up to 8,800 acres of federal land to La Paz County, Arizona. The county would be required to pay the estimated fair-market value for the affected lands, which would be used by commercial entities to produce solar energy. Under the bill, the county would have up to 20 years to acquire those lands and would be required to pay any administrative costs associated with their conveyance. Based on the value of similar lands in La Paz County, CBO estimates that the county would pay DOI between $500 and $1,000 per acre to acquire those lands or about $6 million in total. Because the 2018-2027 period is half of the 20 years within which the county could acquire the land, for the purposes of this estimate, CBO assumes that about half of the total value-$3 million-would be conveyed in the first 10 years following enactment. Because enacting H.R. 2630 would affect direct spending, pay-as-you-go procedures apply. Enacting the bill would not affect revenues. CBO estimates that enacting H.R. 2630 would not increase net direct spending or on- budget deficits in any of the four consecutive 10-year periods beginning in 2028. H.R. 2630 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act. The CBO staff contact for this estimate is Jeff LaFave. The estimate was approved by H. Samuel Papenfuss, Deputy Assistant Director for Budget Analysis.

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