Congressional Budget Office V. CBO Cost Estimate - H.R. 665

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CBO Cost Estimate - H.R. 665 1 (February 24, 2012)

handle is hein.congrec/cbo10674 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE
COST ESTIMATE
February 24, 2012
H.R. 665
Excess Federal Building and Property Disposal Act of 2011
As ordered reported by the House Committee on Oversight and Government Reform
on November 17, 2011
SUMMARY
H.R. 665 would amend the Federal Property and Administrative Services Act (Property
Act) to facilitate the disposal of federal real property. The legislation would establish a
five-year pilot program to expedite the disposal of excess and surplus federal property.
CBO estimates that enacting the bill would increase net direct spending by $100 million
over the 2012-2022 period because it would authorize the General Services
Administration (GSA) and other federal agencies to spend proceeds from the sale of
federal property that are expected to be collected under current law. Enacting H.R. 665
would not affect revenues. Because the legislation would affect direct spending, pay-as-
you-go procedures apply. In addition, CBO estimates that implementing the legislation
would cost $2 million over the 2012-2017 period, assuming the availability of
appropriated funds.
H.R. 665 contains no intergovernmental or private-sector mandates as defined in the
Unfunded Mandates Reform Act (UMRA) and would impose no costs on state, local, or
tribal governments.
ESTIMATED COST TO THE FEDERAL GOVERNMENT
The estimated budgetary impact of H.R. 665 is shown in the following table. The costs of
this legislation fall within budget function 800 (general government) and all budget
functions that contain landholding agencies, except 050 (national defense).