S. 2643 would ratify a settlement agreement between the Pueblo de Cochiti of New Mexico (the pueblo) and the Army Corps of Engineers (Corps). The agreement would transfer responsibility for managing the Cochiti Dam drainage system from the Corps to the pueblo and would transfer all funds in the system’s operation and maintenance fund to a tribal fund held in trust for the pueblo. The bill would prohibit certain types of gaming on any lands acquired by the pueblo using those funds.
CBO estimates that enacting S. 2643 would increase direct spending by $5 million over the 2017-2026 period. Pay-as-you-go procedures apply because enacting S. 2643 would increase direct spending. Enacting the bill would not affect revenues.
CBO estimates that enacting the legislation would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2027.
S. 2643 contains no intergovernmental or private sector mandates as defined in the Unfunded Mandates Reform Act and would benefit the pueblo. Any costs to the tribal government would be incurred voluntarily as a result of entering into the settlement agreement as ratified in the bill.