Description:
As provided to CBO by the House Committee on Oversight and Government Reform on February 28, 2012
H.R. 665 would amend the Federal Property and Administrative Services Act (Property Act) to facilitate the disposal of federal real property by giving the General Services Administration (GSA) new authorities. In addition, the legislation would establish a five-year pilot program to expedite the disposal of excess and surplus federal property.
CBO estimates that implementing H.R. 665 would cost $2 million over the 2012-2017 period for additional administrative and reporting costs related to property disposal, assuming the availability of appropriated funds.
Enacting the bill would affect direct spending by increasing both receipts from property sales and spending of those receipts; therefore, pay-as-you-go procedures apply. CBO estimates, however, that any net change in direct spending would not be significant in any year. Enacting the legislation would not affect revenues.
H.R. 665 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would impose no costs on state, local, or tribal governments.
