H. R. 4465—8 
(4) LEASEBACK
RESTRICTIONS.—None of the existing 
improvements on properties sold under this subsection may 
be leased back to the Government. 
(5) REPORT OF EXCESS.—Not later than 60 days after the 
approval of Board recommendations pursuant to paragraph 
(1), Federal agencies with custody, control, or administrative 
jurisdiction over the identified properties shall submit a Report 
of Excess to the General Services Administration. 
(6) SALE.— 
(A) INITIATION OF SALE.—Not later than 120 days after 
the acceptance by the Administrator of the Report of Excess 
and notwithstanding any other provision of law (including 
section 501 of the McKinney-Vento Homeless Assistance 
Act (42 U.S.C. 11411), but except as provided in section 
14(g)), the General Services Administration shall initiate 
the sale of the civilian real properties described in para-
graph (1). 
(B) COMPLETION OF SALE.—Not later than 1 year after 
the acceptance of the Report of Excess, the Administrator 
shall sell the civilian real properties at fair market value 
at highest and best use, unless the Director of OMB deter-
mines it is in the financial interest of the Government 
to execute a sale more than a year after the acceptance 
of the Report of Excess, but not greater than 2 years 
after the acceptance of the Report of Excess. 
(c) ANALYSIS OF INVENTORY.—The Board shall perform an inde-
pendent analysis of the inventory of Federal civilian real property 
and the recommendations submitted pursuant to section 11. The 
Board shall not be bound or limited by the recommendations sub-
mitted pursuant to section 11. If, in the opinion of the Board, 
an agency fails to provide needed information, data, or adequate 
recommendations that meet the standards and criteria, the Board 
shall develop such recommendations as the Board considers appro-
priate based on existing data contained in the Federal Real Property 
Profile or other relevant information. 
(d) INFORMATION AND PROPOSALS.— 
(1) RECEIPT.—Notwithstanding any other provision of law, 
the Board may receive and consider proposals, information, 
and other data submitted by State and local officials and the 
private sector. 
(2) CONSULTATION.—The Board shall consult with State 
and local officials on information, proposals, and other data 
that the officials submit to the Board. 
(3) AVAILABILITY.—Information submitted to the Board 
shall be made publicly available. 
(e) ACCOUNTING SYSTEM.—Not later than 120 days after the 
date of enactment of this Act, the Board shall identify or develop 
and implement a system of accounting to be used to independently 
evaluate the costs of and returns on the recommendations. Such 
accounting system shall be applied in developing the Board’s rec-
ommendations and determining the highest return to the taxpayer. 
In applying the accounting system, the Board shall set a standard 
performance period of not less than 15 years. 
(f) PUBLIC HEARING.—The Board shall conduct public hearings. 
All testimony before the Board at a public hearing under this 
subsection shall be presented under oath. 
(g) REPORTING OF INFORMATION AND RECOMMENDATIONS.—
H. R. 4465—9 
(1) IN GENERAL.—Subject to the schedule and limitations 
specified in paragraph (2), the Board shall transmit to the 
Director of OMB, and publicly post on a Federal Web site 
maintained by the Board, reports containing the Board’s 
findings, conclusions, and recommendations for— 
(A) the consolidation, exchange, co-location, reconfig-
uration, lease reductions, sale, outlease, and redevelopment 
of Federal civilian real properties; and 
(B) other operational efficiencies that can be realized 
in the Government’s operation and maintenance of such 
properties. 
(2) SCHEDULE AND LIMITATIONS.— 
(A) FIRST ROUND.—Not later than 2 years after the 
date of transmittal of the list of properties recommended 
pursuant to subsection (b), the Board shall transmit to 
the Director of OMB the first report required under para-
graph (1). The total value of transactions contained in 
the first report may not exceed $2,500,000,000. 
(B) SECOND ROUND.—Not earlier than 3 years after 
the date of transmittal of the first report, the Board shall 
transmit to the Director of OMB the second report required 
under paragraph (1). The total value of transactions con-
tained in the second report may not exceed $4,750,000,000. 
(3) CONSENSUS
IN
MAJORITY.—The Board shall seek to 
develop consensus recommendations, but if a consensus cannot 
be obtained, the Board may include in the reports required 
under this subsection recommendations that are supported by 
a majority of the Board. 
(h) FEDERAL WEB SITE.—The Board shall establish and main-
tain a Federal Web site for the purposes of making relevant informa-
tion publicly available. 
(i) REVIEW BY GAO.—The Comptroller General of the United 
States shall transmit to Congress and the Board a report containing 
a detailed analysis of the recommendations and selection process. 
SEC. 13. REVIEW BY OMB. 
(a) REVIEW OF RECOMMENDATIONS.—Upon receipt of the Board’s 
recommendations pursuant to subsections (b) and (g) of section 
12, the Director of OMB shall conduct a review of the recommenda-
tions. 
(b) REPORT TO BOARD AND CONGRESS.—Not later than 30 days 
after the receipt of the Board’s recommendations, the Director of 
OMB shall transmit to the Board and Congress a report that 
sets forth the Director of OMB’s approval or disapproval of the 
Board’s recommendations. 
(c) APPROVAL AND DISAPPROVAL.— 
(1) APPROVAL.—If the Director of OMB approves the 
Board’s recommendations, the Director of OMB shall transmit 
a copy of the recommendations to Congress, together with a 
certification of such approval. 
(2) DISAPPROVAL.—If the Director of OMB disapproves the 
Board’s recommendations, in whole or in part, the Director 
of OMB shall transmit a copy of the recommendations to Con-
gress and the reasons for disapproval of the recommendations 
to the Board and Congress. 
(3) REVISED RECOMMENDATIONS.—Not later than 30 days 
after the receipt of reasons for disapproval under paragraph
H. R. 4465—10 
(2), the Board shall transmit to the Director of OMB revised 
recommendations for approval. 
(4) APPROVAL
OF
REVISED
RECOMMENDATIONS.—If the 
Director of OMB approves the revised recommendations 
received under paragraph (3), the Director of OMB shall 
transmit a copy of the revised recommendations to Congress, 
together with a certification of such approval. 
(d) TERMINATION
OF
PROCESS
FOR
GIVEN
ROUND.—If the 
Director of OMB does not transmit to Congress an approval and 
certification described in paragraph (1) or (4) of subsection (c) 
on or before the 30th day following the receipt of the Board’s 
recommendations or revised recommendations, as the case may 
be, the process shall terminate until the following round, as 
described in section 12. 
SEC. 14. IMPLEMENTATION OF BOARD RECOMMENDATIONS. 
(a) DEADLINES.— 
(1) PREPARATION.—Federal agencies shall— 
(A) not later than 60 days after the Director of OMB 
transmits the Board’s recommendations to Congress pursu-
ant to paragraph (1) or (4) of section 13(c), immediately 
begin preparations to carry out the Board’s recommenda-
tions; and 
(B) not later than 2 years after such transmittal, ini-
tiate all activities necessary to carry out the Board’s rec-
ommendations. 
(2) COMPLETION.—Not later than 6 years after the Director 
of OMB transmits the Board’s recommendations to Congress 
pursuant to paragraph (1) or (4) of section 13(c), Federal agen-
cies shall complete all recommended actions. All actions shall 
be economically beneficial, cost neutral, or otherwise favorable 
to the Government. 
(3) EXTENUATING CIRCUMSTANCES.—For actions that will 
take longer than the 6-year period described in paragraph 
(2) due to extenuating circumstances, Federal agencies shall 
notify the Director of OMB and Congress, as soon as the extenu-
ating circumstance presents itself, with an estimated time to 
complete the relevant action. 
(b) ACTIONS OF FEDERAL AGENCIES RELATED TO CIVILIAN REAL 
PROPERTIES.—In taking actions related to any civilian real property 
under this Act, Federal agencies may take, pursuant to subsection 
(c), all such necessary and proper actions, including— 
(1) acquiring land, constructing replacement facilities, per-
forming such other activities, and conducting advance planning 
and design as may be required to transfer functions from a 
Federal asset or property to another Federal civilian property; 
(2) reimbursing other Federal agencies for actions per-
formed at the request of the Board; and 
(3) taking such actions as are practicable to maximize 
the value of Federal civilian real property to be sold by clari-
fying zoning and other limitations on use of such property. 
(c) ACTIONS OF FEDERAL AGENCIES TO IMPLEMENT BOARD REC-
OMMENDATIONS.— 
(1) USE OF EXISTING LEGAL AUTHORITIES.— 
(A) IN GENERAL.—Except as provided in paragraph (2), 
when acting on a recommendation of the Board, a Federal 
agency shall—
H. R. 4465—11 
(i) in consultation with the Administrator, continue 
to act within the Federal agency’s existing legal 
authorities, including legal authorities delegated to the 
Federal agency by the Administrator; or 
(ii) work in partnership with the Administrator 
to carry out such actions. 
(B) NECESSARY AND PROPER ACTIONS.—The Adminis-
trator may take such necessary and proper actions, 
including the sale, conveyance, or exchange of civilian real 
property, as required to implement the Board’s rec-
ommendations in the time period required under subsection 
(a). 
(2) EXPERTS.—A Federal agency may enter into no cost, 
nonappropriated contracts for expert commercial real estate 
services to carry out the Federal agency’s responsibilities pursu-
ant to the recommendations. 
(d) 
DISCRETION
OF
ADMINISTRATOR
REGARDING
TRANS-
ACTIONS.—For any transaction identified, recommended, or com-
menced as a result of this Act, any otherwise required legal priority 
given to, or requirement to enter into, a transaction to convey 
a Federal civilian real property for less than fair market value, 
for no consideration at all, or in a transaction that mandates 
the exclusion of other market participants, shall be at the discretion 
of the Administrator. 
(e) RELATIONSHIP TO OTHER LAWS.—Any recommendation or 
commencement of a sale, disposal, consolidation, reconfiguration, 
co-location, or realignment of civilian real property under this Act 
shall not be subject to— 
(1) section 545(b)(8) of title 40, United States Code; 
(2) sections 550, 553, and 554 of title 40, United States 
Code; 
(3) any section of the Act entitled ‘‘An Act Authorizing 
the transfer of certain real property for wildlife, or other pur-
poses’’ (16 U.S.C. 667b); 
(4) section 47151 of title 49, United States Code; 
(5) sections 107 and 317 of title 23, United States Code; 
(6) section 1304(b) of title 40, United States Code; 
(7) section 13(d) of the Surplus Property Act of 1944 (50 
U.S.C. App. 1622(d)); 
(8) any other provision of law authorizing the conveyance 
of real property owned by the Government for no consideration; 
and 
(9) any congressional notification requirement other than 
that in section 545 of title 40, United States Code. 
(f) PUBLIC BENEFIT.— 
(1) SUBMISSION OF INFORMATION TO HUD.—The Director 
of OMB shall submit to the Secretary of HUD, on the same 
day the Director of OMB submits the Board’s recommendations 
to Congress pursuant to paragraphs (1) and (4) of section 13(c), 
all known information on Federal civilian real properties that 
are included in the recommendations (except those rec-
ommended under section 12(b)). 
(2) HUD TO REPORT TO BOARD.—Not later than 30 days 
after the submission of information on Federal properties under 
paragraph (1), the Secretary shall identify any suitable civilian 
real properties for use as a property benefiting the mission 
of assistance to the homeless for the purposes of further