Title 40 › SUBTITLE I — FEDERAL PROPERTY AND ADMINISTRATIVE SERVICES › CHAPTER 5 — PROPERTY MANAGEMENT › SUBCHAPTER V — OPERATION OF BUILDINGS AND RELATED ACTIVITIES › § 592
Creates a Federal Buildings Fund in the Treasury to hold money used for managing, maintaining, and improving federal buildings and property. Money put into the Fund includes user charges, money from leasing building sites or additions, payments for loss or damage to Fund property, and reimbursements for special services the General Services Administration provides. Each year, an amount set in an appropriation law may be moved out of the Fund to avoid large surpluses. Money in the Fund can be used, as yearly appropriations allow, for real property management, construction planning, and related work without normal fiscal-year limits. The Fund can be moved into a special account for project-related salaries and expenses, and it can repay borrowings from the Federal Financing Bank if those loans are the Fund’s legal obligation. Certain buildings financed or occupied under special purchase or installment contracts, or buildings needing changes when an agency moves, are treated as federal buildings for Fund spending. The Administrator may also accept energy rebates, incentives, or efficiency goods and services (and assign some rebates to lessors when improvements pay back at least 2 years before a lease ends) and may use recycling sale proceeds. These energy and recycling receipts stay in the Fund until spent and may be used for related programs.
Full Legal Text
Public Buildings, Property, and Works, Source: USLM XML via OLRC
Legislative History
Reference
Citation
40 U.S.C. § 592
Title 40, Public Buildings, Property, and Works
Last Updated
Sep 22, 2026
Release point: 119-110