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cost estimate
May 30, 2013
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As ordered reported by the Senate Committee on Energy and Natural Resources on May 16, 2013
Under the State of Hawaii Admission Act and later clarified under the Hawaiian Home Lands Recovery Act of 1995, the state of Hawaii must notify the Secretary of the Interior of any amendment it proposes to the Hawaiian Homes Commission Act and obtain the consent of the Congress before an amendment becomes effective. S.J. Res. 12 would provide that consent for amendments to expand eligibility and succession authority for a homesteading program to individuals who are at least 25 percent Native Hawaiian and allow the Hawaiian Homes Commission to set interest rates on home loans based on market conditions.
CBO estimates that enacting this joint resolution would have no impact on the federal budget. Enacting S.J. Res. 12 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply.
S.J. Res. 12 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act and would impose no costs on state, local, or tribal governments.