To direct the Administrator of General Services to submit a report to Congress on the state of the real estate portfolio of the...
Officially: “To direct the Administrator of General Services to submit a report to Congress on the state of the real estate portfolio of the Public Building Service, and for other purposes.” Read the full text
What it does
Read it in plain language
1Report on state of real estate portfolio of GSA
This section would require the Administrator of General Services, by January 31 of each year, to submit to the House Committee on Transportation and Infrastructure and the Senate Committee on Environment and Public Works a report on the state of the real estate portfolio of the Public Building Service for the previous calendar year. The report would have to include: the number of leases signed; the number of leases terminated; the total number of leased spaces; the amount of square footage leased; the amount of square footage occupied; the amount of vacant leased space; the number of buildings owned; the top customer agencies by square feet and by annual rent; completed new construction and major repair and alteration projects; financial indicators measuring and analyzing space utilization, operating costs per square foot, cost avoidance from building disposals and lease terminations, and deferred maintenance liabilities; which, if any, federal buildings the General Services Administration's Office of Real Property Disposition disposed of; and the General Services Administration's and tenant agencies' plans for relocating federal agencies housed in federally owned space the General Services Administration plans to dispose of and in leased space the General Services Administration has not renewed, including how those relocations would be paid for and whether the tenant agency requested the relocation.
Show official text
1. Report on state of real estate portfolio of GSA (a) In general Not later than January 31 of each year, the Administrator of General Services shall submit to the Committee on Transportation and Infrastructure of the House of Representatives and the Committee on Environment and Public Works of the Senate a report on the state of the real estate portfolio of the Public Building Service for the previous calendar year. (b) Contents The report under subsection (a) shall include, with respect to the real estate portfolio of the Public Building Service— (1) the number of leases signed; (2) the number of leases terminated; (3) the total number of leased spaces; (4) the amount of square footage leased; (5) the amount of square footage occupied; (6) the amount of vacant leased space; (7) the number of buildings owned; (8) top customers by square feet and annual rent; (9) completed new construction, major repair and alteration projects; (10) financial indicators that measure and analyze space utilization, operating costs per square foot, cost-avoidance due to building disposals and lease terminations, and deferred maintenance liabilities; (11) which, if any, Federal buildings were disposed of by the Office of Real Property Disposition of the General Services Administration; and (12) General Services Administration and tenant agency plans for relocating Federal agencies housed in federally owned space that the General Services Administration plans to dispose of and leased space that the General Services Administration has not renewed, including how the relocations will be paid for and whether or not the agency tenant requested the relocations.
Where it is
In the House.