May 16, 2012
As ordered reported by the House Committee on Natural Resources on April 25, 2012
CBO expects that enacting H.R. 460 would lead to the development of hydropower facilities at the Diamond Fork Project in Utah by a nonfederal entity within a few years, sooner than expected under current law. Based on information from the Bureau of Reclamation, CBO estimates that the federal government would receive payments from the hydropower developer of about $4 million over the 2013-2022 period. Enacting the bill would increase offsetting receipts (a credit against direct spending); therefore, pay-as-you-go procedures apply. Enacting the bill would not affect revenues.
H.R. 460 contains no intergovernmental or private-sector mandates as defined in Unfunded Mandates Reform Act (UMRA) and would impose no costs on state, local, or tribal governments.