Senate Committee OKs Bill To Sell Underused Gov't Property

Law360, New York (June 29, 2012, 8:27 PM ET) -- The Senate Homeland Security and Governmental Affairs Committee on Friday gave its final approval to a bill aimed at establishing a better system to track the federal government’s use of its buildings and speed up the sale of those that are underused.

The Federal Real Property Asset Management Reform Act of 2012 would impose new rules for the Office of Management and Budget and federal agencies that would keep them from spending funds on property that is underutilized, with a $15 billion savings goal over the...
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