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1 1 (October 17, 2017)

handle is hein.congrec/cbo3807 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE U COST ESTIMATE October 17, 2017 H.R. 2941 Kisatchie National Forest Land Conveyance Act As ordered reported by the House Committee on Agriculture on October 4, 2017 H.R. 2941 would authorize the Forest Service to sell up to 80 acres of federal land (including roughly 20 acres of submerged land) located in northern Louisiana. Camp Collins Properties would have the right of first purchase to 50 acres of the affected lands, which contain more than 30 recreational residences. Based on the value of similar lands in the area, CBO estimates that the Forest Service would sell between 50 and 80 acres of land at an average value of a little less than $4,000 an acre. That sale would increase offsetting receipts, which are treated as reductions in direct spending, by less than $300,000. Under current law, the affected lands are expected to generate offsetting receipts totaling about $30,000 a year from fees paid by owners of recreational residences. Thus, CBO estimates that selling those lands also would reduce offsetting receipts by the same amount, about $300,000, over the next 10 years. Because enacting the bill would affect direct spending, pay-as-you-go procedures apply. However, CBO estimates that the net change in direct spending would not be significant over the 2018-2027 period. Enacting the bill would not affect revenues. CBO estimates that enacting the legislation would not significantly increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2028. H.R. 2941 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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