Sec. 4. Duties of Board
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/bill/115/s/1166/is/section-4·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 12 of the Federal Assets Sale and Transfer Act of 2016 ( 40 U.S.C. 1303 note; Public Law 114–287 ) is amended— by striking subsection
(a)and inserting the following: The Board shall identify— opportunities for the Federal Government to reduce significantly the inventory of civilian real property and reduce costs to the Federal Government; and a total savings to the Federal Government of not less than $9,000,000,000 from the disposal of Federal civilian real property under this Act, which may be achieved through opportunities such as the sale of Federal civilian real property and the termination of leases, colocation, maintenance, operations, and security activities. ; in subsection (b)— in paragraph (1)— in subparagraph (A), by striking and not more than $750,000,000 ; and in subparagraph (B), by striking transmit the list of the Federal civilian real properties to Director of OMB and Congress and inserting submit to the President and Congress the list of the Federal civilian real properties ; and in paragraph (6)— in subparagraph (A), by striking section 14(g) and inserting section 16(d) ; and in subparagraph (B), by striking Director of OMB and inserting President ; and in subsection (g)— in paragraph (1), in the matter preceding subparagraph (A), by striking transmit to the Director of OMB and inserting submit to the President ; and in paragraph (2)— in subparagraph (A)— in the first sentence, by striking transmit to the Director of OMB and inserting submit to the President ; and in the second sentence, by striking $2,500,000,000 and inserting $4,000,000,000 ; and in subparagraph (B)— in the first sentence— by striking Not earlier than 3 years and inserting Not later than 2 years ; and by striking transmit to the Director of OMB and inserting submit to the President ; and in the second sentence, by striking $4,750,000,000 and inserting $5,000,000,000 .
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- Pub. L. 114-287
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