S. 2827 would amend the Morris K. Udall and Stewart L. Udall Foundation Act and reauthorize the appropriation of funds for the Environmental Dispute Resolution Fund and the Morris K. Udall and Stewart L. Udall Trust Fund. CBO estimates that implementing the bill would cost $30 million over the 2019-2023 period and an additional $15 million over the subsequent five years. That spending would be subject to appropriation of the estimated amounts.
The trust fund invests its balances in Treasury obligations, and the interest from those investments is available without further appropriation to support the fund’s activities. Enacting S. 2827 would increase the amounts available for investment and thus increase the interest the trust fund earns and spends. CBO estimates that direct spending would total $2 million over the 2019-2028 period; therefore, pay-as-you-go procedures apply. The bill would not affect revenues.
CBO estimates that enacting S. 2827 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 2029.
S. 2827 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act.