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Code · STATUTE-COMPILATIONS · Federal Assets Sale and Transfer Act of 2016 · Sec. 2

Sec. 2. PURPOSES

217 words·~1 min read·/statute-compilations/comps-12646/sec-2

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## SEC. 2 PURPOSES The purpose of this Act is to reduce the costs of Federal real estate by— ####
(1)consolidating the footprint of Federal buildings and facilities; ####
(2)maximizing the utilization rate of Federal buildings and facilities; ####
(3)reducing the reliance on leased space; ####
(4)selling or redeveloping high value assets that are underutilized to obtain the highest and best value for the taxpayer and maximize the return to the taxpayer; ####
(5)reducing the operating and maintenance costs of Federal civilian real properties; ####
(6)reducing redundancy, overlap, and costs associated with field offices; ####
(7)creating incentives for Federal agencies to achieve greater efficiency in their inventories of civilian real property; ####
(8)facilitating and expediting the sale or disposal of unneeded Federal civilian real properties; ####
(9)improving the efficiency of real property transfers for the provision of services to the homeless; ####
(10)assisting Federal agencies in achieving the Government’s sustainability goals by reducing excess space, inventory, and energy consumption, as well as by leveraging new technologies; and ####
(11)implementing innovative methods for the sale, redevelopment, consolidation, or lease of Federal buildings and facilities, including the use of no cost, nonappropriated contracts for expert real estate services to obtain the highest and best value for the taxpayer.
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