President Obama has signed into law the Federal Assets Sale and Transfer Act of 2016 (P.L. 114-287), to create a new Public Buildings Reform Board to identify opportunities to reduce the federal real property inventory and make recommendations to sell underused or vacant properties.
Each agency will have to submit to GSA and OMB current data on all federal civilian real properties owned, leased, or controlled; recommendations on properties that can be disposed of or subleased or that otherwise no longer meet agency needs or that can be transferred, exchanged, consolidated, co-located, reconfigured, or redeveloped; and recommendations on operational efficiencies.
The board is to analyze the inventory of federal civilian real property and the associated agency recommendations and make recommendations to OMB under standards OMB is to develop.
The law also requires GSA to publish a single database of all federal real properties, specifying whether they are underused or unused.
