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H.R. 3366, Hermiston Reversionary Interest Release Act (CBO Report for Congress)

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Congress 113th
Date Requested March 18, 2014
Requested By House Committee on Natural Resources
Date Sent March 21, 2014
Description:

As ordered reported by the House Committee on Natural Resources on March 18, 2014

H.R. 3366 would require the Bureau of Land Management (BLM) to convey a reversionary interest in about 290 acres of land to the State of Oregon. The affected lands were conveyed to the state under the condition that interest in the lands would revert to BLM if the state stopped using the land for certain agricultural purposes. Under the bill, that condition would no longer apply.

Based on information provided by BLM, CBO estimates that implementing the legislation would have no significant effect on the federal budget. Because we expect that the affected lands would not generate any receipts for the federal government over the next 10 years, CBO estimates that enacting the legislation would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply.

H.R. 3366 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act.

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