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Congressional Budget Office
Cost Estimate
July 31, 2006

H.R. 138
A bill to revise the boundaries of John H. Chafee Coastal Barrier Resources System Jekyll Island Unit GA-06P

As ordered reported by the House Committee on Resources on July 19, 2006

H.R. 138 would revise the Coastal Barrier Resources System (CBRS) map of Jekyll Island, Georgia. CBO estimates that enacting H.R. 138 would have no significant impact on the federal budget. The bill could affect direct spending, but we expect that any net change would be negligible. Enacting the bill would not affect revenues.

H.R. 138 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act; the bill would benefit the Jekyll Island Authority of Georgia.

The bill would modify the CBRS map of Jekyll Island Unit to exclude 1,282 acres of developed and undeveloped lands and to include 1,157 acres of wetlands and open water areas. By excluding the specified acreage, the bill would enable residents and private developers to initiate new development and improve existing structures, such as homes, while maintaining eligibility for federal flood insurance. Under current law, all lands and existing structures in the CBRS can only maintain flood insurance if they remain unchanged.

Under the bill, CBO expects that at least 100 additional acres of land would be eligible for flood insurance, and annual premium collections would total less than $500,000 a year. Any collections would be partially offset each year by new mandatory spending for underwriting and administrative expenses. In addition, premium collections might be offset in some years by new flood insurance claims.

The CBO staff contacts for this estimate are Deborah Reis and Leigh Angres. This estimate was approved by Peter H. Fontaine, Deputy Assistant Director for Budget Analysis.