Description:
As ordered reported by the House Committee on Oversight and Government Reform on March 20, 2013
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 and would impose no costs on state, local, or tribal governments.
