Asset Management Inventory

The Initiative

• Establish a Senior Real Property Officer at Federal agencies. Established by an Executive Order, a Senior Real Property Officer will be designated among the senior management officials within each agency. This Senior Real Property Officer will serve as the senior manager tasked with developing and implementing an agency asset management plan. Specifically, the Officer will: identify and categorize any real property owned, leased, or otherwise managed by the agency; prioritize actions to be taken to improve the operational and financial management of inventory; make life-cycle cost estimations associated with the prioritized actions; identify legislative authorities that are required to address the priorities; identify and pursue goals and targets with appropriate time frames and deadlines; provide advice on adequate budget amounts for activities; and focus on those activities and efforts allowed under current law.
• Establish a Federal Real Property Council. Established by an Executive Order, a Federal Real Property Council will serve as a working group to facilitate the success of the agency's asset management plans. The Council will be composed of all agency Senior Real Property Officers, the Controller of the Office of Management and Budget, and the Administrator of General Services. The Deputy Director for Management of the Office of Management and Budget will be a member and serve as the chair of the Council. The Council will establish appropriate performance measurements for evaluating the costs and benefits involved with acquiring, repairing, maintaining, operating, managing, and disposing of Federal real properties at particular agencies. The Council will also serve as a clearinghouse for best practices in evaluating actual progress in the implementation of real property enhancements.
• Reform the authorities for managing Federal real property. The Administration supports legislative efforts to reform the asset management and property disposal process. Specifically, the Administration supports "Freedom to Manage" legislation that would provide agencies with the authority to: outlease or sublease underutilized properties; sell or exchange unneeded property and use the proceeds for replacement services; enter into public-private partnerships to construct or renovate need facilities under certain circumstances; and retain the sale proceeds of surplus properties. Agencies should be provided with the appropriate asset management tools and financial incentives to manage their real property more effectively. The Administration will continue to engage Congress in an effort to enact modern and common-sense property management capabilities.

Credits

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