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![handle is hein.gao/gaobadxvw0001 and id is 1 raw text is:
DCCUMET RESUME
03591 - [A2723950]
Real Property Exchanges by the General Services Administration.
September 26, 1S77. 11 pp.
Testimony before the House Committee on Public Works and
Transportation: Public Buildings and Grounds Subcommittee; by
Joseph P. Normile, Associate Director, Logistics and
Communicaticns Div.
Issue Area: Facilities and Material Manaqement (700).
Contact: Logistics and Communications DiV.
Budget Function: General Government: General Property and
Fecords Management (804).
Organizaticn Ccncerned: General Services Administration.
Congressional Felevance: House Committee on Public Works and
Transportation: Public Buiildings and Grounds Subcommittee.
Authority: Public Buildings Act of 1959, as amended (40 U.S.C.
E06). Federal Property and Administrative Services Act of
1949.
The General Services Administration (GSA) is authorized
by law to exchange government-owned excess and surplus
properties. Excess property is property con trolled by any
Federal agency but not required for its needs. Surplus property
is excess property not required for the needs of all Federal
agencies as determined by the Administrator of General Services.
A property exchange consists of a disposal of Government-owned
property and an acquisition of privately-owned property.
Existing legislation should be changed to require that GSA sell,
rather than exchange, properties. GAO previously recommended
that the Congress should consider amending the law to permit GSA
to offer excess property at competitive bid and to depesit the
cash proceeds into a building fund to be ,sed for acquiring
public building sites. If the Ccngress does not want to restrict
GSA's exchange authority, any oxchange involving the acquisition
of public buildings valued over $500,000 should be subject to
either apprcval by, or advance reporting to, the Congress. (SC)](ViewImageLocal?handle=hein.gao/gaobadxvw0001&div=1&collection=&method=preview&ext=.png&size=3)