Sec. 206. DEPARTMENT OF VETERANS AFFAIRS ASSET AND INFRASTRUCTURE REVIEW ACCOUNT

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## SEC. 206 DEPARTMENT OF VETERANS AFFAIRS ASSET AND INFRASTRUCTURE REVIEW ACCOUNT ###

(a)Establishment There is hereby established in the ledgers of the Treasury an account to be known as the “Department of Veterans Affairs Asset and Infrastructure Review Account” which shall be administered by the Secretary as a single account. ###

(b)Credits to Account There shall be credited to the Account the following: ####

(1)Funds authorized for and appropriated to the Account. ####

(2)Proceeds received from the lease, transfer, or disposal of any property at a facility of the Veterans Health Administration closed or realigned under this subtitle. ###

(c)Use of Account The Secretary may use the funds in the Account only for the following purposes: ####

(1)To carry out this subtitle. ####

(2)To cover property management and disposal costs incurred at facilities of the Veterans Health Administration closed, modernized, or realigned under this subtitle. ####

(3)To cover costs associated with supervision, inspection, overhead, engineering, and design of construction projects undertaken under this subtitle, and subsequent claims, if any, related to such activities. ####

(4)Other purposes that the Secretary determines support the mission and operations of the Department of Veterans Affairs. ###

(d)Consolidated Budget Justification Display for Account ####

(1)Consolidated budget information required The Secretary shall establish a consolidated budget justification display in support of the Account that for each fiscal year— #####

(A)details the amount and nature of credits to, and expenditures from, the Account during the preceding fiscal year; #####

(B)separately details the environmental remediation costs associated with facility of the Veterans Health Administration for which a budget request is made; #####

(C)specifies the transfers into the Account and the purposes for which these transferred funds will be further obligated, to include caretaker and environment remediation costs associated with each facility of the Veterans Health Administration; and #####

(D)details any intra-budget activity transfers within the Account that exceeded $1,000,000 during the preceding fiscal year or that are proposed for the next fiscal year and will exceed $1,000,000. ####

(2)Submission The Secretary shall include the information required by paragraph

(1)in the materials that the Secretary submits to Congress in support of the budget for a fiscal year submitted by the President pursuant to section 1105 of title 31, United States Code. ###

(e)Closure of Account; Treatment of Remaining Funds ####

(1)Closure The Account shall be closed at the time and in the manner provided for appropriation accounts under section 1555 of title 31, United States Code, except that unobligated funds which remain in the Account upon closure shall be held by the Secretary of the Treasury until transferred to the Secretary of Veterans Affairs by law after the Committees on Veterans’ Affairs of the Senate and the House of Representatives receive the final report transmitted under paragraph (2). ####

(2)Final report No later than 60 days after the closure of the Account under paragraph (1), the Secretary shall transmit to the Committees on Veterans’ Affairs of the Senate and the House of Representatives and the Committees on Appropriations of the House of Representatives and the Senate a report containing an accounting of— #####

(A)all the funds credited to and expended from the Account or otherwise expended under this subtitle; and #####

(B)any funds remaining in the Account.