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H.R. 328, Excess Federal Building and Property Disposal Act of 2013 1 (July 16, 2013)

handle is hein.congrec/cbo11229 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE July 16, 2013 H.R. 328 Excess Federal Building and Property Disposal Act of 2013 As ordered reported by the House Committee on Oversight and Government Reform on March 20, 2013 SUMMARY H.R. 328 would amend the Federal Property and Administrative Services Act (Property Act) to provide the General Services Administration (GSA) new authorities aimed at facilitating the disposal of federal real property. In addition, the legislation would establish a five-year pilot program with a goal of expediting the disposal of excess and surplus federal property. CBO estimates that enacting the bill would increase direct spending by $20 million over the 2014-2023 period because it would authorize GSA to spend proceeds from the sale of federal property that are expected to be collected, but not spent, under current law. Because the legislation would affect direct spending, pay-as-you-go procedures apply. In addition, CBO estimates that, assuming the availability of appropriated funds, implementing H.R. 328 would cost $2 million over the 2012-2018 period for additional administrative and reporting costs related to property disposal. Enacting H.R. 328 would not affect revenues. H.R. 328 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would impose no costs on state, local, or tribal governments. ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary impact of H.R. 328 is shown in the following table. The costs of this legislation fall within budget function 800 (general government).

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