May 10, 2002—US Rep. Pete Sessions (R-TX) recently introduced a bill that would allow the head of any landholding agency to establish partnerships with private sector entities to renovate and maintain federal buildings. The bill, titled the Federal Property Asset Management Reform Act of 2002 (H.R. 3947)—is designed to reduce the $4 billion backlog of renovation work needed on public buildings.
The legislation requires each federal landholding agency to appoint a Senior Real Property Officer to monitor and administer real property assets. It also permits a federal agency to retain proceeds from the sale of personal property to recover the full costs incurred in disposing of such property.
For more information, contact the US General Services Administration.
