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S. 1128, University of Alaska Fiscal Foundation Act (CBO Report for Congress)

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Congress 117th
Date Requested May 3, 2022
Requested By Senate Committee on Energy and Natural Resources
Date Sent Aug. 30, 2022
Description:
S. 1128 would direct the Bureau of Land Management (BLM) to convey up to 360,000 acres of federal land to the University of Alaska. That land would be deducted from acreage the state is entitled to under the Alaska Statehood Act (ASA); only land previously selected by the state under the ASA could be conveyed. The bill also would require BLM to provide technical assistance and complete land surveys. The agency is currently working to facilitate land transfers under the ASA. Using information from BLM, and based on the costs of similar tasks, CBO estimates that the additional costs to implement the bill would total $1 million over the 2022-2027 period; any spending would be subject to the availability of appropriated funds.

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