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1 1 (July 16, 2008)

handle is hein.crs/crsahkk0001 and id is 1 raw text is: Order Code RS20630 Updated July 16, 2008 Disposition of Surplus Federal Property Clay H. Wellborn Specialist in American National Government Government and Finance Division Summary The General Services Administration's (GSA's) Office of Property Disposal administers the conveyance of surplus real property that the federal government no longer needs. Through GSA's public benefits conveyance program, these properties are made available to eligible entities in the public and private sectors. This report provides a brief overview of the current policy and procedure for conveying surplus real property by GSA to public agencies or to private individuals; and it discusses bills that would alter current arrangements so as to reduce federal inventories of excess, costly-to- maintain property. Introduced on July 16, 2007, S. 1667 would require the creation of a five-year pilot project for the expeditious disposal of unneeded federal real property. On April 7, 2008, S. 1667, as amended, was reported favorably out of committee and placed on the Senate Legislative Calendar under General Orders. Introduced on April 14, 2008, H.R. 5787 would, among other things, allow federal agencies to retain the net proceeds from the sale of surplus property and authorize GSA to assist agencies in preparing properties to be reported excess. On May 22, 2008, the House agreed to H.R. 5787, as amended in committee, and sent the bill to the Senate. This report will be updated as legislative action warrants. Background' The General Services Administration, through its Public Buildings Service (PBS), is the primary federal real property and asset management agency, with a portfolio consisting of 8,847 buildings and structures with an estimated replacement value of $68.8 billion in FY2006.2 In addition to GSA, 27 other federal agencies have independent landholding authorities that enable them to acquire or construct specific types of buildings 1 This report was originally written by Stephanie Smith, Analyst in American National Government, who recently retired from CRS. 2 U.S. General Services Administration, The Federal Real Property Council, FY2006 Federal Real Property Report: An Overview of the U.S. Federal Government's Real Property Assets, July 2007, p. 6.

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