S. 280, Crags, Colorado Land Exchange Act

S. 280 would require the Forest Service to exchange, at the request of a private entity, 82 acres of federal lands in the Pike National Forest for 320 acres of private lands in that forest. Because CBO expects that the parcels would have a similar value per acre, we estimate that the total value of the private lands would exceed the value of the affected federal lands. Under the legislation, the federal government would not be required to compensate the private entity to make up for that difference. However, CBO expects that the Forest Service will receive annual payments of a little more than $30,000 for a special use permit on the affected federal parcel.

On that basis, CBO estimates that enacting S. 280 would reduce offsetting receipts, which are treated as reductions in direct spending, by about $350,000 over the 2017-2027 period; therefore, pay-as-you-go procedures apply. Enacting S. 280 would not affect revenues.

Because S. 280 would require the private entity to pay any administrative costs associated with the land exchange and CBO expects that any updates to maps or signage would be completed in conjunction with scheduled reprinting and routine maintenance, we estimate that implementing S. 280 would not affect discretionary spending.

CBO estimates that enacting the legislation would not increase net direct spending or on-budget deficits by more than $5 billion in any of the four consecutive 10-year periods beginning in 2028.

S. 280 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA). The bill would authorize a land exchange between the federal government and a private business, which would have a small incidental effect on property taxes collected by local governments in Colorado. That effect, however, would not result from an intergovernmental mandate as defined in UMRA.