Title 40 › Subtitle SUBTITLE I— - FEDERAL PROPERTY AND ADMINISTRATIVE SERVICES › Chapter CHAPTER 5— - PROPERTY MANAGEMENT › Subchapter SUBCHAPTER II— - USE OF PROPERTY › § 524
Executive agencies must keep good records and controls for the property they own or manage. They must watch their property all the time to find items that are not needed, take care of extra property, and quickly tell the Administrator of General Services about property that is excess. Agencies must move or get rid of excess property quickly under GSA rules. They must plan their workforce needs for real property, set goals to cut down on excess and underused property, try work methods that need less space, and check leased space for underuse. Every year, agencies must list all real property they control and assess each site. The assessment must cover things like age and condition, size and location, how much it is used, annual operating costs and capital costs, sustainability measures, how many employees are there, how important the property is to the agency’s mission, and projected capital costs for the next 5 years, plus any other information the GSA asks for. Agencies must give this information to the Federal Real Property Council and GSA for the federal property database. They must also do yearly checks of capitalized personal property and regular checks of accountable personal property, looking at age, condition, use, mission dependence, and other GSA-required factors. Agencies should reassign unneeded property inside the agency when practical, transfer excess to other federal agencies or the organizations listed in section 321(c)(2), and can obtain excess property from other agencies. Executive agency — means the same as “Federal agency” in section 621.
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Public Buildings, Property, and Works — Source: USLM XML via OLRC
Legislative History
Reference
Citation
40 U.S.C. § 524
Title 40 — Public Buildings, Property, and Works
Last Updated
Apr 6, 2026
Release point: 119-73