Capital Asset Management Tools and Strategies for Decision Making: Conference Proceedings (2001) / Chapter Skim
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5 New Tools for Federal Agencies
5 New Tools for Federal Agencies
Pages 25-32
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From page 25... ...
David Bibb, of the General Services Administration (GSA) , discussed proposed legislation that would give federal agencies important new tools for managing capital assets.
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From page 26... ...
The arrangement allows the Veterans Benefit Administration to lease space at half the market rate for comparable space. A cogeneration plant on VA property in Johnson City, Tennessee, that offers significantly discounted energy rates to the agency.
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From page 27... ...
To provide incentives for VA managers to make better use of their facilities, the organization that initiates the proposal can retain proceeds, after expenses, from enhanced-use lease arrangements. The business plan, often developed with support from outside consultants, identifies the proposed use, possible business terms, and other financial considerations.
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From page 28... ...
28 Capital Asset Management
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From page 29... ...
The Senate bill would give agencies much needed flexibility to optimize real and personal property asset performance. All land-holding agencies covered by the Federal Property and Administrative Services Act could potentially have authority to sublease and outlease, including limited public-private partnership authority and exchange sales, as a means of acquiring replacement property.
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From page 30... ...
Agencies after taking assets through the public benefit discount process could put money generated into an agency account that would be available for capital expenditures without further congressional authorization. In summary, the potential benefits of this bill, if enacted, are more efficient property management; more critical repairs undertaken; reduction in federal asset holdings, more property on local tax rolls; savings from cost avoidances; and better facilities.
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From page 31... ...
In exchange, GSA will renovate a building on site to be used by the Army Soldier Systems Command and GSA. The various GRPIS councils meet on a regular basis and are individually chartered to meet the federal community's needs and objectives.
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