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GAO-09-283R 1 (2009-02-17)

handle is hein.gao/gaobaanmc0001 and id is 1 raw text is: I t~G A 0 iAccountability * Integrity * Reliability United States Government Accountability Office Washington, DC 20548 February 17, 2009 The Honorable Edolphus Towns Chairman Committee on Oversight and Government Reform House of Representatives The Honorable Darrell Issa Ranking Member Committee on Oversight and Government Reform House of Representatives Subject: Federal Real Property: Authorities and Actions Regarding Enhanced Use Leases and Sale of Unneeded Real Property Many federal agencies hold real property that they do not need, including property that is underutilized or excess.' Such properties present significant potential risks to federal agencies because they are costly to maintain and could be put to more cost- beneficial uses or sold to generate revenue for the government. We first designated federal real property management as a high-risk area in January 2003 due to long- standing problems with underutilized and excess property, among other things.2 After our high-risk designation, President George W. Bush added real property management to the President's Management Agenda and directed that the Federal Real Property Profile (FRPP) be established as a comprehensive database of real property under the control and custody of executive branch agencies, with agencies required to report on their real property assets each year. The President also established a goal of disposing of $15 billion in unneeded real property assets by 2015 to encourage agencies to right-size their portfolios by eliminating unneeded property. 'Section 102 of Title 40 of the United States Code defines excess property as property under the control of a federal agency that the federal agency determines is not required to meet the agency's needs or responsibilities. The General Services Administration's Federal Management Regulation defines not utilized property as an entire property or portion of a property that is not occupied for current program purposes of the accountable agency or property that is occupied in caretaker status only. The regulation defines underutilized property as an entire property or portion of a property that is used only at irregular periods or intermittently by the accountable agency or property that is being used for the agency's current program purposes that can be satisfied with only a portion of the property (41 C.F.R. §§102-75.45 & 75.50). 2GAO, High-Risk Series: An Update, GAO-03-119 (Washington, D.C.: January 2003) and High-Risk Series: An Update, GAO-09-271 (Washington, D.C.: January 2009). 3Executive Order No. 13327, Feb. 4, 2004. GAO-09-283R Real Property Disposal

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