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H.R. 218, King Cove Road Land Exchange Act (CBO Report for Congress)

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Congress 115th
Date Requested June 27, 2017
Requested By House Committee on Natural Resources
Date Sent July 12, 2017
Description:

H.R. 218 would require the U.S. Fish and Wildlife Service to convey, at the request of the State of Alaska, 206 acres of federal land in the Izembek National Wildlife Refuge to allow for the construction of a road. In exchange, the state would convey to the federal government an amount of land up to 43,000 acres with a total fair market value equal to the value of the federal lands the state would receive. CBO expects that the total value of the state-owned land identified for exchange under the bill (43,000 acres) would exceed the value of the federal lands; therefore, we expect that the state would convey a portion of that acreage equalize the value of the lands being conveyed by the two parties and that no cash would be exchanged in the transaction. Because none of the federal lands that would be conveyed are expected to generate receipts over the next 10 years, CBO estimates that enacting the bill would not affect direct spending.

 

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