S. 556 would amend existing laws and establish new laws related to the management of federal lands. It would authorize the sale of certain federal land and permit the proceeds from those sales to be spent. The bill also would establish a fund to carry out deferred maintenance projects on lands administered by the National Park Service (NPS) and would permanently authorize the transfer of funds to the Land and Water Conservation Fund.
CBO estimates that enacting the bill would increase both direct spending and offsetting receipts (which are treated as reductions in direct spending) by $65 million and $80 million respectively over the 2017-2026 period; therefore, pay-as-you-go procedures apply. Enacting S. 556 would not affect revenues. Based on information from the affected agencies, CBO also estimates that implementing the legislation would cost $486 million over the 2017-2021 period, assuming appropriation of the amounts authorized to be deposited into the NPS Maintenance and Revitalization Fund.
CBO estimates that enacting S. 556 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2027.
S. 556 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act and would benefit state, local, and tribal agencies by authorizing federal grants to support conservation, historic preservation, and recreational activities. Any costs would be incurred by those entities, including matching contributions, would be incurred voluntarily.
