[Congressional Record (Bound Edition), Volume 162 (2016), Part 5]
[Senate]
[Pages 6519-6520]
[From the U.S. Government Publishing Office, www.gpo.gov]




                       CBO COST ESTIMATE--S. 1592

  Ms. MURKOWSKI. Mr. President, in compliance with paragraph 11(a) of 
rule XXVI of the Standing Rules of the Senate, the Committee on Energy 
and Natural Resources has obtained from the Congressional Budget Office 
an estimate of the costs of S. 1592, a bill to clarify the description 
of certain Federal land under the Northern Arizona Land Exchange and 
Verde River Basin Partnership Act of 2005 to include additional land in 
the Kaibab National Forest, as reported from the committee. The full 
estimate is available on CBO's Web site, www.cbo.gov.
  Mr. President, I ask unanimous consent that the summary of the cost 
estimate be printed in the Record.
  There being no objection, the material was ordered to be printed in 
the Record, as follows:

               Congressional Budget Office Cost Estimate


  S. 1592--A bill to clarify the description of certain Federal land 
    under the Northern Arizona Land Exchange and Verde River Basin 
   Partnership Act of 2005 to include additional land in the Kaibab 
                            National Forest

                          (December 22, 2015)

       S. 1592 would amend current law to clarify that the 
     Secretary of Agriculture is authorized to convey about 238 
     acres of federal land to a summer camp in Arizona. Under 
     current law, the Secretary is authorized to convey 212 acres 
     to the camp.
       Based on information provided by the Forest Service, CBO 
     estimates that implementing the legislation would not affect 
     the federal budget. Because CBO expects that the acreage that 
     could be conveyed under the bill would not generate any 
     income over the next 10 years, enacting S. 1592 would not 
     affect direct spending. Enacting the bill also would not 
     affect revenues; therefore, pay-as-

[[Page 6520]]

     you-go procedures do not apply. CBO estimates that enacting 
     S. 1592 would not increase net direct spending or on-budget 
     deficits in any of the four consecutive 10-year period 
     beginning in 2026.
       S. 1592 contains no intergovernmental or private-sector 
     mandates as defined in the Unfunded Mandates Reform Act 
     (UMRA). The bill would modify the terms of a land exchange 
     between the federal government and a private business, which 
     would have a small incidental effect on property taxes 
     collected by the state and local governments in Arizona. That 
     effect, however, would not result from an intergovernmental 
     mandate as defined in UMRA.
       The CBO staff contacts for this estimate are Jeff LaFave 
     (for federal costs) and Jon Sperl (for intergovernmental 
     mandates). The estimate was approved by H. Samuel Papenfuss, 
     Deputy Assistant Director for Budget Analysis.

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