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cash that is conducted pursuant to the requirements of 
section 545(a) of this title. 
‘‘(b) FAIR MARKET VALUE REQUIREMENT.—Real 
property sold under the Federal Real Property Pilot Pro-
gram may not be sold at less than the fair market value 
as determined by the Administrator, in consultation with 
the Director. Costs associated with disposal may not ex-
ceed the fair market value of the property unless the Di-
rector approves incurring such costs. 
‘‘(c) MONETARY PROCEEDS REQUIREMENT.—Real 
property shall be sold under the Federal Real Property 
Pilot Program only if the property will generate monetary 
proceeds to the Federal Government, as provided in sub-
section (b). A disposal of real property under the Federal 
Real Property Pilot Program may not include any ex-
change, trade, transfer, acquisition of like-kind property, 
or other non-cash transaction as part of the disposal. 
‘‘(d) RULE OF CONSTRUCTION.—Nothing in this sub-
chapter shall be construed as terminating or in any way 
limiting authorities that are otherwise available to agen-
cies under other provisions of law to dispose of Federal 
real property, except as provided in subsection (e). 
‘‘(e) EXEMPTION FROM CERTAIN REQUIREMENTS.— 
Any expedited disposal of a real property conducted under 
this subchapter shall not be subject to— 
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‘‘(1) subchapter IV of this chapter; 
‘‘(2) sections 550 and 553 of this title; 
‘‘(3) section 501 of the McKinney-Vento Home-
less Assistance Act (42 U.S.C. 11411); 
‘‘(4) any other provision of law authorizing the 
no-cost conveyance of real property owned by the 
Federal Government; or 
‘‘(5) any congressional notification requirement 
other than that in section 545 of this title. 
‘‘§ 624. Special rules for deposit and use of proceeds 
from expedited disposals 
‘‘The proceeds from an expedited disposal of real 
property under this subchapter shall be deposited into the 
General Fund of the Treasury. Two percent of such pro-
ceeds is authorized to be appropriated until expended to 
fund the grant program under section 625. 
‘‘§ 625. Homeless assistance grants 
‘‘(a) GRANT AUTHORITY.—To the extent amounts 
are made available pursuant to section 624 for use under 
this section, the Secretary of Housing and Urban Develop-
ment shall make grants to eligible private nonprofit orga-
nizations under subsection (b) to purchase property suit-
able for use to assist the homeless as provided in sub-
section (c). 
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‘‘(b) ELIGIBLE GRANTEES.—To be eligible to receive 
a grant under subsection (a), a private nonprofit organiza-
tion shall be a representative of the homeless, as such term 
is defined in section 501(i)(4) of the McKinney-Vento 
Homeless Assistance Act (42 U.S.C. 11411(i)(4)). 
‘‘(c) USE OF PROPERTIES FOR HOUSING OR SHEL-
TER FOR THE HOMELESS.— 
‘‘(1) ELIGIBLE USES.—A nonprofit organization 
that receives a grant under subsection (a) shall use 
the amounts received under such grant only to ac-
quire or rehabilitate real property for use to provide 
permanent housing (as such term is defined in sec-
tion 401 of the McKinney-Vento Homeless Assist-
ance Act (42 U.S.C. 11360)), transitional housing 
(as such term is defined in such section 401), or 
temporary shelter, for persons who are homeless. 
‘‘(2) TERM OF USE.—The Secretary of Housing 
and Urban Development may not make a grant 
under subsection (a) to a private nonprofit organiza-
tion unless the organization provides the Secretary 
with such assurances as the Secretary determines 
necessary to ensure that any property acquired or 
rehabilitated using the amounts received under such 
grant is used only as provided in paragraph (1) of 
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this subsection for a period of not fewer than 15 
years. 
‘‘(d) PREFERENCE.—In awarding grants under sub-
section (a), the Secretary of Housing and Urban Develop-
ment shall give preference for such grants to private non-
profit organizations that operate within areas in which 
Federal real property is being sold under the Federal Real 
Property Disposal Pilot Program under this subchapter. 
‘‘(e) NONPROFIT ORGANIZATION.—For purposes of 
this section, the following definitions shall apply: 
‘‘(1) HOMELESS.—The term ‘homeless’ has the 
meaning given such term in section 103 of the 
McKinney-Vento Homeless Assistance Act (42 
U.S.C. 11302(a)), except that subsection (c) of such 
section shall not apply for purposes of this section. 
‘‘(2) PRIVATE
NONPROFIT
ORGANIZATION.— 
The term ‘private nonprofit organization’ has the 
meaning given such term in section 401 of the 
McKinney-Vento Homeless Assistance Act (42 
U.S.C. 11360). 
‘‘(f) REGULATIONS.—The Secretary of Housing and 
Urban Development may issue any regulations necessary 
to carry out this section.’’. 
(b) CLERICAL AMENDMENT.—The table of sections 
at the beginning of chapter 5 of subtitle I of title 40, 
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United States Code, is amended by inserting after the 
item relating to section 611 the following: 
‘‘SUBCHAPTER VII—EXPEDITED DISPOSAL OF REAL PROPERTY 
‘‘621. Federal real property disposal pilot program. 
‘‘622. Selection of real properties. 
‘‘623. Expedited disposal requirements. 
‘‘624. Special rules for deposit and use of proceeds from expedited disposals. 
‘‘625. Homeless assistance grants.’’. 
SEC. 3. DUTIES OF THE GENERAL SERVICES ADMINISTRA-
TION AND EXECUTIVE AGENCIES. 
(a) IN GENERAL.—Section 524 of title 40, United 
States Code, is amended to read as follows: 
‘‘§ 524. Duties of the General Services Administration 
and executive agencies 
‘‘(a) DUTIES OF THE GENERAL SERVICES ADMINIS-
TRATION.— 
‘‘(1) GUIDANCE.—Not later than 6 months 
after the date of the enactment of this section, and 
when necessary thereafter, the Administrator of 
General Services shall issue guidance for the devel-
opment and implementation of executive agency real 
property plans. Such guidance shall include rec-
ommendations on— 
‘‘(A) how to identify excess properties; 
‘‘(B) how to evaluate the costs and benefits 
associated with disposing of real property; 
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‘‘(C) how to prioritize disposal decisions 
based on agency missions and anticipated fu-
ture need for holdings; and 
‘‘(D) how best to dispose of those prop-
erties identified as excess to meet the needs of 
the agency. 
‘‘(2) ASSISTANCE.—The Administrator shall as-
sist executive agencies in the identification and dis-
posal of excess real property. 
‘‘(b) DUTIES OF EXECUTIVE AGENCIES.— 
‘‘(1) IN
GENERAL.—Each executive agency 
shall— 
‘‘(A) maintain adequate inventory controls 
and accountability systems for property under 
its control; 
‘‘(B) continuously survey property under 
its control to identify excess property; 
‘‘(C) promptly report excess property to 
the Administrator; 
‘‘(D) perform the care and handling of ex-
cess property; and 
‘‘(E) transfer or dispose of excess property 
as promptly as possible in accordance with au-
thority delegated and regulations prescribed by 
the Administrator. 
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‘‘(2) SPECIFIC REQUIREMENTS WITH RESPECT 
TO REAL PROPERTY.—With respect to real property, 
each executive agency shall— 
‘‘(A) develop and implement a real prop-
erty plan in order to identify properties to de-
clare as excess using the guidance issued under 
subsection (a)(1); 
‘‘(B) identify and categorize all real prop-
erty owned, leased, or otherwise managed by 
the agency; 
‘‘(C) establish adequate goals and incen-
tives to reduce excess real property in such 
agency’s inventory; and 
‘‘(D) when appropriate, use the authorities 
in section 572(a)(2)(B) of this title in order to 
identify and prepare real property to be re-
ported as excess. 
‘‘(3) ADDITIONAL REQUIREMENTS.—Each exec-
utive agency, as far as practicable, shall— 
‘‘(A) reassign property to another activity 
within the agency when the property is no 
longer required for the purposes of the appro-
priation used to make the purchase; 
‘‘(B) transfer excess property under its 
control to other Federal agencies and to organi-
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zations specified in section 321(c)(2) of this 
title; and 
‘‘(C) obtain excess properties from other 
Federal agencies to meet mission needs before 
acquiring non-Federal property.’’. 
(b) CLERICAL AMENDMENT.—The item relating to 
section 524 in the table of sections at the beginning of 
chapter 5 of such title is amended to read as follows: 
‘‘524. Duties of the General Services Administration and executive agencies.’’. 
(c) GSA REPORT.— 
(1) IN GENERAL.—Not later than three years 
after the date of the enactment of this Act, the Ad-
ministrator of General Services shall submit a report 
to the Committee on Oversight and Government Re-
form of the House of Representatives and the Com-
mittee on Homeland Security and Governmental Af-
fairs of the Senate on the implementation of section 
524, as amended by subsection (a), and each of the 
following: 
(A) The efforts of each executive agency to 
reduce such agency’s real property assets, based 
on data submitted from such agency. 
(B) For each excess and surplus real prop-
erty facility/installation disposed of, an indica-
tion of— 
(i) the date and method of disposal; 
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(ii) the proceeds obtained from the 
disposition of such property; 
(iii) the amount of time required to 
fully dispose of excess and surplus real 
property under the custody and control of 
all executive agencies; and 
(iv) the cost to dispose of surplus and 
excess real property under the custody and 
control of all executive agencies. 
(2) DEFINITIONS.—The terms ‘‘excess prop-
erty’’, ‘‘executive agency’’, and ‘‘surplus property’’ 
have the meanings given those terms in section 102 
of title 40, United States Code. 
SEC. 4. ENHANCED AUTHORITIES WITH REGARD TO PRE-
PARING PROPERTIES TO BE REPORTED AS 
EXCESS. 
Section 572(a)(2) of title 40, United States Code, is 
amended— 
(1) by redesignating subparagraphs (B) and 
(C) as subparagraphs (C) and (D), respectively; and 
(2) by inserting after subparagraph (A) the fol-
lowing new subparagraph: 
‘‘(B) ADDITIONAL AUTHORITY.—(i) From 
the fund described in paragraph (1), subject to 
clause (iv) of this subparagraph, the Adminis-
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trator may obligate an amount to pay the direct 
and indirect costs related to identifying and 
preparing properties to be reported excess by 
another agency. 
‘‘(ii) The General Services Administration 
shall be reimbursed from the proceeds of the 
sale of such properties for such costs. 
‘‘(iii) Net proceeds shall be dispersed pur-
suant to section 571 of this title. 
‘‘(iv) The authority under clause (i) to ob-
ligate funds to prepare properties to be reported 
excess does not include the authority to convey 
such properties by use, sale, lease, exchange, or 
otherwise, including through leaseback arrange-
ments or service agreements. 
‘‘(v) Nothing in this subparagraph is in-
tended to affect subparagraph (D).’’. 
SEC. 5. ENHANCED AUTHORITIES WITH REGARD TO RE-
VERTED REAL PROPERTY. 
(a) AUTHORITY TO PAY EXPENSES RELATED TO RE-
VERTED REAL PROPERTY.—Section 572(a)(2)(A) of title 
40, United States Code, is amended by adding at the end 
the following: 
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‘‘(iv) The direct and indirect costs as-
sociated with the reversion, custody, and 
disposal of reverted real property.’’. 
(b) REQUIREMENTS RELATED
TO SALES
OF RE-
VERTED
PROPERTY
UNDER
SECTION
550.—Section 
550(b)(1) of title 40, United States Code, is amended— 
(1) by inserting ‘‘(A)’’ after ‘‘(1) IN
GEN-
ERAL.—’’; and 
(2) by adding at the end the following: ‘‘If the 
official, in consultation with the Administrator, rec-
ommends reversion of the property, the Adminis-
trator shall take control of such property, and, sub-
ject to subparagraph (B), sell it at or above ap-
praised fair market value for cash and not by lease, 
exchange, leaseback arrangements, or service agree-
ments. 
‘‘(B) Prior to sale, the Administrator shall 
make such property available to State and local gov-
ernments and certain non-profit institutions or orga-
nizations pursuant to this section and sections 553 
and 554 of this title.’’. 
(c) REQUIREMENTS RELATED
TO SALES
OF RE-
VERTED
PROPERTY
UNDER
SECTION
553.—Section 
553(e) of title 40, United States Code, is amended— 
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