Sec. 14. Realignment of real property owned or managed by Bureau of Overseas Building Operations

352 words·~2 min read·/bill/114/s/1750/is/section-14

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On an annual basis, the Commission shall identify and compile a list of assets located outside of the United States and the territories of the United States that are owned or managed by the Bureau of Overseas Building Operations of the Department of State that may— be sold for proceeds so as to reduce the civilian real property inventory and operating costs of the Federal Government; or be otherwise disposed of, transferred, consolidated, colocated, or reconfigured so as to reduce the operating costs of the Federal Government. The Commission shall provide each list compiled pursuant to subsection

(a)to the Secretary of State. Not later than 90 calendar days after the date of receipt of a list compiled pursuant to subsection (b), the Department of State shall— review the list; and submit to the Commission a report that includes the conclusions of the review. In accordance with section 6, the Commission may make recommendations involving civilian real property assets described in subsection

(a)only if— the assets are on the list provided to the Department of State pursuant to this section; and the Department of State has submitted a report on the list to the Commission pursuant to subsection (c)(2). In accordance with section 6, not later than 20 calendar days after the date of submission of the report of the Commission to the President under section 6(g), the Secretary of State may remove any transaction that involves a civilian real property asset described in subsection

(a)from the list of recommendations developed under section 6. Nothing in this section restricts the ability of the Secretary of State to appeal to the Director or Commission for funding by the Asset Proceeds and Space Management Fund to support the cost of implementing a recommendation. For the purposes of this Act, proceeds from the disposal of assets described in subsection

(a)shall be deposited in the Asset Proceeds and Space Management Fund established under section 18(c). Proceeds from the disposal of assets by the Department of State that are not disposed of pursuant to this Act shall be retained by the Department of State.