Description:
H.R. 2997 would direct the Bureau of Land Management to convey a 31-acre parcel of federal land to Mesa County, Colorado, at no less than market value. Proceeds from the conveyance would be classified in the budget as offsetting receipts, which are recorded as reductions in direct spending. Those receipts would be deposited into the Federal Land Disposal Account where they could be spent without further appropriation to purchase eligible land. Based on typical time frames for such conveyances, CBO expects that the transfer would take several years to complete. Using information on land values from the Mesa County Assessor’s Office, CBO estimates that any proceeds from the sale would be insignificant and would be spent shortly thereafter; thus, the net effect on direct spending would be negligible. Under the bill, Mesa County would pay for all costs associated with the conveyance. CBO expects that some administrative costs incurred to update maps would not be reimbursed by the county, but we estimate those costs would be insignificant; any spending would be subject to the availability of appropriated funds.
