H.R. 2876, University of Utah Research Park Act

August 13, 2025

Cost Estimate

As ordered reported by the House Committee on Natural Resources on June 25, 2025

H.R. 2876, University of Utah Research Park Act As ordered reported by the House Committee on Natural Resources on June 25, 2025
By Fiscal Year, Millions of Dollars		2025	2025-2030	2025-2035
Direct Spending (Outlays)		0	0	0
Revenues		0	0	0
Increase or Decrease (-) in the Deficit		0	0	0
Spending Subject to Appropriation (Outlays)		0	0	0
Increases net direct spending in any of the four consecutive 10-year periods beginning in 2036?	No	Statutory pay-as-you-go procedures apply?		No
	No	Mandate Effects
Increases on-budget deficits in any of the four consecutive 10-year periods beginning in 2036?	No	Contains intergovernmental mandate?		No
	No	Contains private-sector mandate?		No

H.R. 2876 would confirm the acceptability of the University of Utah’s ongoing use of a 594‑acre parcel of land. In 1968, the Department of the Interior conveyed the land to the university under the condition that it be used for public purposes. The university established and is currently operating an academic research park on the land, which houses technology, education, and medical facilities. The bill also would allow the university to develop student housing and a transit hub on the land and to use the area for other purposes related to the research park. Because those uses would have no cost to the federal government, CBO estimates that enacting H.R. 2876 would have no effect on the federal budget.

The CBO staff contact for this estimate is Katherine Chou. The estimate was reviewed by H. Samuel Papenfuss, Deputy Director of Budget Analysis.

Phillip L. Swagel Director, Congressional Budget Office

Phillip L. Swagel

Director, Congressional Budget Office