H.R. 5787 would amend title 40, United States Code, to enhance authorities with regard to real property that has yet to be reported excess.

== Detailed Summary ==

<summary>
Federal Real Property Disposal Enhancement Act of 2008 - Authorizes the Administrator of the General Services Administration (GSA) to obligate amounts from the Treasury fund containing the proceeds of the disposition of surplus real and related personal property to pay: (1) the costs related to identifying and preparing properties to be reported as &quot;excess&quot; by another agency (authorizes GSA to be reimbursed for such costs from the proceeds of the sale of such properties); and (2) the direct and indirect costs associated with the reversion, custody, and disposal of reverted real property.

Requires the Administrator to: (1) take control of certain property for which reversion is recommended or determined to be necessary and to sell it at fair market value for cash and not by lease, exchange, or leaseback arrangements; and (2) make such property available to state and local governments and certain nonprofit institutions or organizations prior to sale.

Requires: (1) excess or surplus property proceeds to be deposited into the appropriate real property account of the agency that has custody and accountability for the real property (currently, deposited into the Treasury as miscellaneous receipts); and (2) the funds from such deposits to be expended only as authorized in annual appropriations Acts and only for activities related to federal real property asset management and disposal.
</summary>

<!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. -->

== Status of the Legislation ==

<status>
Latest Major Action: 5/19/2008: House floor actions.5/21/2008: Passed/agreed to in House. Status: At the conclusion of debate, the chair put the question on theOn motion to suspend the rules. Mr. Issa objectedrules and pass the bill, as amended Agreed to the vote on the grounds that a quorum was not present. Further proceedings on the motion were postponed. The point of no quorum was withdrawn.by voice vote.
</status>

<!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. -->

== Points in Favor ==

(Log in to edit the wiki and be the first to show why the bill should pass!)
<!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! -->

== Points Against ==

(Log in to edit the wiki and be the first to show why the bill should not pass!)
<!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! -->