Sec. 2. FEDERAL PERSONAL PROPERTY MANAGEMENT

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## SEC. 2 FEDERAL PERSONAL PROPERTY MANAGEMENT ###

(a)Inventory Assessing and Identifying Excess Personal Property Section 524(a) of title 40, United States Code, 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) > > 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.” > . ###

(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.” > .