H.R. 5544, Minnesota Education Investment and Employment Act

Cost Estimate
August 30, 2012

As ordered reported by the House Committee on Natural Resources on August 1, 2012

H.R. 5544 would require the Secretary of Agriculture to exchange unspecified national forest lands for 86,000 acres of land owned by the state of Minnesota, located within the federal Boundary Waters Canoe Area Wilderness (BWCAW). Based on information provided by the Forest Service, CBO estimates that enacting the legislation would increase direct spending by $6 million over the 2014-2022 period; therefore, pay-as-you-go procedures apply. Enacting H.R. 5544 would not affect revenues.

The bill contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA). The state of Minnesota would benefit from the land exchange authorized in the bill. Any costs to the state would be incurred voluntarily.