Public Law 115-419. Federal Personal Property Management Act of 2018

482 words·~2 min read·/plaw/115/public/419

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An Act To amend chapter 5 of title 40, United States Code, to improve the management of Federal personal property.Jan. 3, 2019[[S. 3031](/us/bill/115/s/3031)] * Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,* Federal Personal Property Management Act of 2018.[40 USC 101 note](/us/usc/t40/s101). ## SECTION 1 SHORT TITLE This Act may be cited as the “Federal Personal Property Management Act of 2018”. ## SEC. 2 FEDERAL PERSONAL PROPERTY MANAGEMENT ###

(a)Inventory Assessing and Identifying Excess Personal Property [Section 524(a) of title 40, United States Code](/us/usc/t40/s524/a), is amended— ####

(1)in paragraph (11), by striking “and” at the end; ####

(2)in paragraph (12), by striking the period at the end and inserting “; and”; and ####

(3)by adding at the end the following: > > #### “(13) > > Guidance.Evaluations. > > in accordance with guidance from the Administrator of General Services— > > > ##### “(A) > > on an annual basis, conduct an inventory and assessment of capitalized personal property to identify excess capitalized personal property under its control, including evaluating— > > > ###### “(i) > > the age and condition of the personal property; > > > ###### “(ii) > > the extent to which the executive agency utilizes the personal property; > > > ###### “(iii) > > the extent to which the mission of the executive agency is dependent on the personal property; and > > > ###### “(iv) > > any other aspect of the personal property that the Administrator determines is useful or necessary for the executive agency to evaluate; and > > > ##### “(B) > > on a regular basis, conduct an inventory and assessment of accountable personal property under its control, including evaluating— > > > ###### “(i) > > the age and condition of the personal property; > > > ###### “(ii) > > the extent to which the executive agency utilizes the personal property; > > > ###### “(iii) > > the extent to which the mission of the executive agency is dependent on the personal property; and > > > ###### “(iv) > > any other aspect of the personal property that the Administrator determines is useful or necessary for the executive agency to evaluate.” > . 132 STAT. 5443 ###

(b)Thresholds for Capitalization and Accountability Section 506(a)(1) of title 40, United States Code , is amended by adding at the end the following: > > ##### “(E) Capitalization thresholds > > Establish thresholds for acquisitions of personal property for which executive agencies shall capitalize the personal property. > > > ##### “(F) Accountability thresholds > > Notwithstanding section 121(b), for the management and accountability of personal property, establish thresholds for acquisitions of personal property for which executive agencies shall establish and maintain property records in a centralized system.” > . Approved January 3, 2019.

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