Federal Land Asset Inventory Reform Act of 2017

Federal Land Asset Inventory Reform Act of 2017 This bill directs the Department of the Interior to develop and maintain a current, accurate multipurpose cadastre (inventory) of federal real property to assist with federal land management activities, including, but not limited to, resource development and conservation, agricultural use, active forest management, environmental protection, and use of real property. Interior may enter into cost-sharing agreements with states to include any nonfederal lands in this cadastre. The federal share of any such agreement shall be up to 50% of the total cost to a state for the development of a cadastre of the nonfederal lands. Interior shall report on: (1) existing executive agency real property inventories or any components of any cadastre; (2) consolidation of inventories and components; (3) the use of existing inventories and components of any cadastre; (4) cost savings that will be achieved; (5) a plan for implementation of this bill, including a cost estimate and the feasibility of using revenue from any authorized transactional activity to offset such costs; and (6) recommendations for legislation.