S. 648, Technical Correction to the Shoshone-Paiute Tribes of the Duck Valley Reservation Water Rights Settlement Act of 2021

March 10, 2022

Cost Estimate

As ordered reported by the Senate Committee on Indian Affairs on November 17, 2021

Summary

S. 648 would authorize the appropriation of $5.125 million for the Department of the Interior (DOI) to deposit specified interest payments into the Shoshone-Paiute Tribes Water Rights Development Fund. The fund was established in 2009 under the water rights settlement agreement for the Shoshone-Paiute Tribes of the Duck Valley Reservation, located in Idaho and Nevada.

Amounts in the fund are owned by the tribes and are held in trust by the federal government. Assuming the appropriation of the authorized amount in 2023, CBO estimates that implementing the bill would cost $5 million and that the full amount would be deposited in the fund in that year.

Corrections and Updates

On March 10, 2022, CBO replaced a version of this estimate that was transmitted earlier the same day. The updated estimate accounts for the fact that pay-as-you-go procedures do not apply under the bill and that on-budget deficits would not increase in the decades after 2032. CBO’s estimate of federal costs is unchanged.