Federal Asset Sale and Transfer Act of 2015
A BILL
To decrease the deficit by consolidating and selling excess Federal tangible property, and for other purposes.
Sec. 2 Definitions
Sec. 3 Federal Tangible Property Management Reform Board
Sec. 4 Development of recommendations to the board
Sec. 5 Duties of Board
Sec. 6 Review by the Office of Management and Budget
Sec. 7 Implementation of Board recommendations
Sec. 8 Funding
Sec. 9 Congressional approval of proposed projects
“(8) a description of how the proposed project is consistent with criteria established in section 4(b) of the Federal Asset Sale and Transfer Act of 2015.”
Sec. 10 Preclusion of judicial review
Sec. 11 Implementation review by GAO
Sec. 12 Agency retention of proceeds
“571. General rules for deposit and use of proceeds
“(a) Proceeds from transfer or sale of tangible property
“(1) Deposit of net proceeds—Net proceeds described in subsection (c) shall be deposited into the appropriate tangible property account of the agency that had custody and accountability for the tangible property at the time the tangible property is determined to be excess.
“(2) Expenditure of net proceeds—The net proceeds deposited under paragraph (1) may only be expended as authorized in annual appropriations Acts, for activities described in sections 543 and 545, including for payment of costs incurred by the Administrator of General Services for any disposal-related activity authorized by this title.
“(3) Deficit reduction—Any net proceeds described in subsection (c) from the sale, lease, or other disposition of surplus tangible property that are not expended under paragraph (2) shall be used for deficit reduction.
“(b) Effect on other sections—Nothing in this section affects section 572(b), 573, or 574.
“(c) Net proceeds—The net proceeds described in this subsection are proceeds under this chapter, less expenses of the transfer or disposition as provided in section 572(a), from—
“(1) a transfer of excess tangible property to a Federal agency for agency use; or
“(2) a sale, lease, or other disposition of surplus tangible property.
“(d) Proceeds from transfer or sale of personal property
“(1) In general—Except as otherwise provided in this subchapter, proceeds described in paragraph (2) shall be deposited in the Treasury as miscellaneous receipts.
“(2) Proceeds—The proceeds described in this paragraph are proceeds under this chapter from—
“(A) a transfer of excess personal property to a Federal agency for agency use; or
“(B) a sale, lease, or other disposition of surplus personal property.
“(3) Payment of expenses of sale before deposit
“(A) In general—Subject to regulations under this subtitle, the expenses of the sale of personal property may be paid from the proceeds of the sale so that only the net proceeds are deposited in the Treasury of the United States.
“(B) Application—This paragraph applies in a case in which proceeds are deposited—
“(i) as miscellaneous receipts; or
“(ii) to the credit of an appropriation as authorized by law.”
Sec. 13 Federal tangible property database
Sec. 14 Streamlining the McKinney-Vento Homeless Assistance Act
“(ii) in the case of surplus property—
“(I) for use to assist the homeless either in accordance with this section or as a public health use in accordance with paragraphs (1) and (4) of section 203(k) of the Federal Property and Administrative Services Act of 1949 (40 U.S.C. 484(k) (1) and (4)); and
“(II) to provide permanent housing with or without supportive services to assist the homeless in accordance with this section.”
“(4) Not later than 45 days after the date on which the Secretary of Health and Human Services approves an initial application under paragraph (3), the applicant shall submit to the Secretary of Health and Human Services a final application, which shall set forth a reasonable plan to finance the approved program.
“(5) Not later than 15 days after the date on which the Secretary of Health and Human Services receives a final application under paragraph (4), the Secretary of Health and Human Services shall review, make a final determination, and complete all actions on the final application. The Secretary of Health and Human Services shall maintain a public record of all actions taken in response to a final application.”
Sec. 15 Surplus tangible property donations to museums
“(vii) a museum attended by the public (as determined by the Administrator and including a museum for which the nonprofit educational or public health institution or organization accedes to any request submitted for access);”