H.R. 3006, a bill to authorize a land exchange involving the acquisition of private land adjacent to the Cibola National Wildlife Refuge in Arizona for inclusion in the refuge in exchange for certain Bureau of Land Management lands in Riverside County, Ca
Cost Estimate
As ordered reported by the House Committee on Natural Resources on July 30, 2014
As ordered reported by the House Committee on Natural Resources on July 30, 2014
H.R. 3006 would require the Secretary of the Interior to exchange 80 acres of federal land in California for 40 acres of private land in Arizona. Based on information provided by the Department of the Interior, CBO estimates that any administrative costs associated with the exchange would not be significant. Enacting H.R. 3006 would increase offsetting receipts, which are treated as reductions in direct spending; therefore, pay-as-you-go procedures apply. Enacting the legislation would not affect revenues.
Because CBO estimates that the private lands would have a lower value than the federal lands that would be conveyed under the bill, CBO expects that the private party in the exchange would provide a cash payment to Bureau of Land Management (BLM) equal to 25 percent of the value of the federal lands conveyed (the maximum amount that can be accepted in a land exchange under the Federal Land Policy and Management Act). Based on the value of similar lands in southern California, CBO estimates that the value of the BLM lands would total less than $300,000 and that the payment the agency would receive from the private party would be less than $75,000. Proceeds from the payment would be deposited in the United States Treasury.
H.R. 3006 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA). The land exchange between the federal government and a private business would have a small effect on property taxes collected by local governments in California and Arizona. That effect, however, would not result from an intergovernmental mandate as defined in UMRA.