ABSTRACT

Disposal of Unneeded Federal Buildings: Legislative Proposals in the 114th Congress [February 12, 2016]   [open pdf - 692KB]

"Real property disposal is the process by which federal agencies identify and then transfer, donate, or sell real property they no longer need. Disposition is an important asset management function because the costs of maintaining unneeded properties can be substantial, consuming financial resources that might be applied to long-standing real property needs, such as repairing existing facilities, or other pressing policy issues, such as reducing the national debt. Despite the expense, federal agencies hold thousands of unneeded and underutilized properties. Agencies have argued that they are unable to dispose of these properties for several reasons. First, there are statutorily prescribed steps in the disposal process that can take months to complete. Second, properties may not be appealing to potential buyers or lessees if they require major repairs or environmental remediation--steps for which agencies lack funding to complete before bringing a property to market. Third, key stakeholders in the disposal process--including local governments, non-profit organizations, and businesses--are often at odds over how to dispose of properties."

Report Number:
CRS Report for Congress, R44377
Author:
Publisher:
Date:
2016-02-12
Copyright:
Public Domain
Retrieved From:
Federation of American Scientists: http://www.fas.org/sgp/crs/index.html
Format:
pdf
Media Type:
application/pdf
URL:
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