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It's Time to Fund Your Real Property Programs Have you done what's required to ensure funding for the achievements you promised in your real property asset management plan and your three-year rolling timelines?
The Federal FY 2008 budget will be presented in 2007. At this point, it is appropriate to ask whether the issue of real property asset management is getting funding support and visibility. If not, the three-year rolling timelines proposed by affected agencies will be at risk.
There's a strong case to be made that real property can be connected to other aspects of the President's Management Agenda.
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New Federal Law Attacks Budget Deficit by Disposal of Unused Real Property TA provision of newly signed Federal legislation holds the Office of Management and Budget (OMB) accountable for recommending the sale of 100 separate pieces of surplus government real property (land and buildings).
On Friday, December 15, 2006 the President signed into law H.R. 3699 (the "Federal and District of Columbia Government Real Property Act of 2006"). While the Congressional Budget Office (CBO) estimates that "enacting H.R. 3699 would not significantly affect the federal budget," Section 408 of the law may in fact be a step toward substantially reducing the federal deficit.
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