H.R. 3049 would establish a pilot program for the expedited disposal of Federal real property.
Detailed Summary
Requires the Director of the Office of Management and Budget (OMB) to conduct a five-year Federal Real Property Disposal Pilot Program for the expedited disposal of real property that is not meeting federal government needs.
Requires agencies to recommend candidate disposition properties to the Director. Prohibits real property from being sold under the program: (1) for less than fair market value; (2) if it will not generate monetary proceeds to the federal government exceeding disposal costs; or (3) in a non-cash transaction.
Status of the Legislation
Latest Major Action: 7/16/2007: Referred to House committee. Status: Referred to the House Committee on Oversight and Government Reform.
Points in Favor
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Points Against
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