Title 40 › SUBTITLE I — FEDERAL PROPERTY AND ADMINISTRATIVE SERVICES › CHAPTER 5 — PROPERTY MANAGEMENT › SUBCHAPTER II — USE OF PROPERTY › § 524
Executive agencies must keep good records and controls for the property they own. They must watch their property all the time to find items that are not needed, tell the Administrator of General Services (GSA) when property is excess, take care of excess property, and move or dispose of it quickly under GSA rules. Agencies must plan workforce needs for real property, set goals to cut excess and underused property, try workplace changes that reduce space needs, check leased space for underuse, and send an annual report to the Federal Real Property Council about real and underutilized property, including whether it can be better used (for example by sharing or consolidating) and why the agency keeps it. Once a year, under council guidance, agencies must inventory their real property and assess each site. The assessment must include age and condition; size in square feet and acres; address and location; how much it is used; actual annual operating costs; total capital costs paid by the Federal Government; sustainability measures; number and type of federal and contractor employees and functions there; how much the agency’s mission depends on it; the estimated capital costs to operate and maintain it during the 5-year period beginning on the date of enactment of this paragraph; and any other information GSA needs to carry out section 623. Agencies must give this information to the Federal Real Property Council and GSA for the database in section 21 of the Federal Assets Sale and Transfer Act of 2016. Under GSA guidance, agencies must also do an annual inventory and assessment of capitalized personal property and regular inventories and assessments of accountable personal property, looking at age, condition, use, mission dependence, and any other aspects GSA requires. As far as practical, agencies must reassign property inside the agency when it is no longer needed for the original funding purpose, transfer excess property to other federal agencies or groups listed in section 321(c)(2), and obtain excess property from other federal agencies. For paragraphs about inventories and reports, “executive agency” means the same as “Federal agency” in section 621.
Full Legal Text
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
Sep 22, 2026
Release point: 119-110