Last month, Nevada Congresswoman Shelley Berkley (D-NV) voted against H.R. 2578, the Conservation and Economic Growth Act, which includes provisions that would allow the City of Yerington, Nevada, to purchase 11,500 acres of federal land at fair market value. The land would be used in the Nevada Copper Pumpkin Hollow project, which is estimated to add 800 jobs to the area. Yerington is located in Lyon County, where the unemployment rate is 16%, the highest in the state of Nevada, and almost double the national average.
On June 14, the Congressional Budget Office issued a favorable report on the predecessor bill, H.R. 4039, the Yerington Land Conveyance and Sustainable Development Act.
As ordered reported by the House Committee on Natural Resources on June 7, 2012
H.R. 4039 would require the Secretary of the Interior to sell about 11,500 acres of federal land at fair market value to the city of Yerington, Nevada. Based on information about the value of similar lands in western Nevada, CBO estimates that enacting the legislation would increase offsetting receipts (a credit against direct spending) by $2 million in 2013; therefore, pay-as-you-go procedures apply. Because the bill would require the city to cover any administrative costs associated with the conveyance, CBO estimates that the bill would not affect discretionary spending. Enacting the bill would not affect revenues.