[Congressional Record Volume 148, Number 125 (Monday, September 30, 2002)]
[Extensions of Remarks]
[Pages E1675-E1676]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




        CONGRESSIONAL BUDGET OFFICE COST ESTIMATES FOR H.R. 4919

                                 ______
                                 

                          HON. JAMES V. HANSEN

                                of utah

                    in the house of representatives

                      Thursday, September 26, 2002

  Mr. HANSEN. Mr. Speaker, I request that the attached cost estimates 
for H.R. 4919 be submitted for the Record under General Leave.
  As you know, H.R. 4919 passed the House under suspension of the rules 
on Tuesday, September 24, 2002. At the time of passage, the Committee 
on Resources had not yet received a cost estimate from the 
Congressional Budget Office.

                                                    U.S. Congress,


                                  Congressional Budget Office,

                               Washington, DC, September 24, 2002.
     Hon. James V. Hansen,
     Chairman, Committee on Resources,
     U.S. House of Representatives, Washington, DC.
       Dear Mr. Chairman: The Congressional Budget Office has 
     prepared the enclosed cost estimate for H.R. 4919, the Tonto 
     and Coconino National Forests Land Exchange Act.

[[Page E1676]]

       If you wish further details on this estimate, we will be 
     pleased to provide them. The CBO staff contact is Megan 
     Carroll.
           Sincerely,

                                            Barry B. Anderson,

                                   (For Dan L. Crippen, Director).


               Congressional Budget Office Cost Estimate

       H.R. 4919--Tonto and Coconino National Forests Land 
     Exchange Act--As ordered reported by the House Committee on 
     Resources on September 12, 2002
       CBO estimates that enacting H.R. 4919 would not 
     significantly affect the federal budget. The bill would 
     affect direct spending (including offsetting receipts); 
     therefore, pay-as-you-go procedures would apply, but we 
     estimate that any net change in direct spending would be 
     insignificant. H.R. 4919 contains no intergovernmental or 
     private-sector mandates as defined in the Unfunded Mandates 
     Reform Act and would have no significant impact on the 
     budgets of state, local, or tribal governments.
       H.R. 4919 would authorize the Secretary of Agriculture to 
     convey to two private parties about 330 acres of federal 
     lands in Arizona in exchange for roughly 760 acres of lands 
     owned by those parties. If the value of those lands are not 
     equal, the Secretary could make or accept cash equalization 
     payments. The bill would authorize the Secretary to spend any 
     receipts from such payments to acquire nonfederal lauds in 
     Arizona.
       CBO estimates that enactment of H.R. 4919 would result in 
     an insignificant increase in direct spending. According to 
     the agency, the federal lands to be conveyed currently 
     generate offsetting receipts (a credit against direct 
     spending) from special use permits totaling less than $20,000 
     a year. Those receipts would be forgone if H.R. 4919 is 
     enacted. Based on information from the agency, we estimate 
     that any cash equalization payments received under H.R. 4919 
     would total less than $500,000. We also estimate that the 
     agency would spend receipts from such payments in the same 
     year they are received and that any resulting net change in 
     direct spending would be negligible.
       The CBO staff contact for this estimate is Megan Carroll. 
     This estimate was approved by Peter H. Fontaine, Deputy 
     Assistant Director for Budget Analysis.

     

                          ____________________