,,ii #aagth ,,congress #ast ,session ,s4 #aibf ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,may #bg1 #bjba,mr4 ,van ,hollen introduced the following bill2 which was read twice and referred to the ,committee on ,environment and ,public ,works ,a ,,bill ,to establish a ,federal ,capital ,revolving ,fund to assist ,federal agencies in purchasing capital assets1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,federal ,capital ,revolving ,fund ,act of #bjba4 #b4 ,findings2 purpose 7a7 ,findings ,congress finds that-- 7#a7 sudden increases in funding for purchases of federally owned capital assets are difficult to fit within funding available under discretionary spending limits2 7#b7 failure to recapitalize or replace ,federal capital assets on a regular schedule ultimately increases the cost to taxpayers of delivering services2 7#c7 in appendix ,j1 entitled ,principles of ,budgeting for ,capital ,asset ,acquisitions1 of ,circular ,a-#aa1 the ,office of ,management and ,budget recommended combining assets in capital acquisition accounts to accommodate spikes in funding capital acquisitions2 7#d7 in the document entitled ,budgeting for ,federal ,investment and dated ,april #ae1 #bjba1 the ,congressional ,budget ,office states that there is1 a budgetary incentive to opt for short-term leases even if they are more expensive than long-term leases or purchases1 and identifies a ,federal ,capital ,revolving ,fund as a potential solution2 and 7#e7 the document of the ,government ,accountability ,office numbered ,,gao-#ad-bci found that budgeting for federally owned capital assets could be improved by creating a ,government-wide capital acquisition fund with upfront mandatory funding-- 7,a7 to pay for projects estimated to exceed a certain total-cost threshold2 and 7,b7 to be repaid by annual discretionary funding provided by agency subcommittee appropriators4 7b7 ,purpose ,the purpose of this ,act is to improve the means by which the ,federal ,government budgets for expensive1 federally owned1 civilian facilities by-- 7#a7 establishing a mandatory revolving fund to pay the upfront costs of acquiring those facilities in a manner that ensures that the acquisition costs do not compete with smaller purchases and operating expenses for funding under applicable discretionary spending limits2 and 7#b7 requiring agencies to use discretionary appropriations to replenish the revolving fund referred to in paragraph 7#a7 over a several-year period as the agencies use the facilities described in that paragraph to meet ,federal mission needs4 #c4 ,definitions ,in this ,act3 7#a7 ,administrator ,the term ,administrator means the ,administrator of ,general ,services4 7#b7 ,agency 7,a7 ,in general ,the term agency means any agency included in a list under paragraph 7#a7 or 7#b7 of section #ija7;b7 of title #ca1 ,united ,states ,code4 7,b7 ,exclusion ,the term agency does not include the ,department of ,defense4 7#c7 ,discretionary appropriations ,the term discretionary appropriations has the meaning given that term in section #bej7;c7 of the ,balanced ,budget and ,emergency ,deficit ,control ,act of #aihe 7#b ,u4,s4,c4 #ijj7;c774 7#d7 ,eligible agency project 7,a7 ,in general ,the term eligible agency project means an action by an agency-- 7i7 to acquire 7including any related activity relating to siting1 design1 management and inspection1 construction1 or commissioning1 and including all costs associated with temporary space and the acquisition of associated furniture1 fixtures1 and equipment necessary to furnish the ,federal facility for initial occupancy7 a facility for use by the agency as a ,federal facility1 through-- 7,i7 purchase2 7,,ii7 construction2 7,,iii7 manufacture2 7,,iv7 lease-purchase2 7,v7 installment purchase2 7,,vi7 outlease-leaseback2 7,,vii7 exchange2 or 7,,viii7 modernization by renovation2 7ii7 to pay to the ,administrator an administrative fee for each acquisition described in clause 7i71 in accordance with section #e7;h72 and 7iii7 the total cost of which is not less than #bej1jjj1jjj4 7,b7 ,exclusions ,the term eligible agency project does not include-- 7i7 an acquisition for resale in the ordinary course of agency operations2 7ii7 the acquisition of any consumable good1 such as operating materials or supplies2 7iii7 an activity for normal maintenance or repair of real property2 7iv7 the payment of any salary or other operating expense of an agency2 7v7 the provision by an agency to any non-,federal individual or entity of-- 7,i7 a grant2 7,,ii7 a tax incentive2 or 7,,iii7 a ,federal credit assistance instrument2 or 7vi7 the execution of any capital lease pursuant to which title does not automatically pass to the ,federal ,government4 7#e7 ,federal facility ,the term ,federal facility means a structure on real property-- 7,a7 that has a useful life of not less than #be years1 as determined by the ,administrator2 and 7,b7 within which #a or more ,federal employees or personnel carry out1 or are proposed to carry out1 an agency mission4 7#f7 ,fund ,the term ,fund means the ,federal ,capital ,revolving ,fund established by section #d7;a74 7#g7 ,,gsa-affected agency ,the term ,,gsa-affected agency means an agency that acquires real property through the ,general ,services ,administration pursuant to section #ccjg of title #dj1 ,united ,states ,code4 7#h7 ,purchase transfer ,the term purchase transfer means an amount that is-- 7,a7 approved by an appropriations ,act to be transferred from the ,fund to a purchasing agency under section #e2 and 7,b7 not less than the amount required under section #e7;d74 7#i7 ,purchasing agency ,the term purchasing agency means an agency that receives from the ,fund a purchase transfer to pay the cost of an eligible agency project4 #d4 ,federal ,capital ,revolving ,fund 7a7 ,establishment ,there is established in the ,treasury of the ,united ,states a fund1 to be known as the ,federal ,capital ,revolving ,fund1 consisting of the amounts deposited under subsection 7b71 to be administered by the ,administrator4 7b7 ,deposits ,the ,secretary of the ,treasury shall deposit in the ,fund-- 7#a7 as soon as practicable after the date of enactment of this ,act1 out of any funds in the ,treasury not otherwise appropriated1 #aj1jjj1jjj1jjj to capitalize the ,fund2 and 7#b7 any amounts received from purchasing agencies through repayments under section #f4 7c7 ,availability ,amounts in the ,fund shall-- 7#a7 be used only for the purpose described in subsection 7d77#a72 and 7#b7 remain available until expended4 7d7 ,use of ,fund ,amounts in the ,fund-- 7#a7 shall be available only on approval of a purchase transfer to a purchasing agency to pay the costs of an eligible agency project1 in accordance with this ,act2 and 7#b7 may not be transferred or reprogrammed for any purpose other than the purpose specified in paragraph 7#a74 #e4 ,purchase transfers 7a7 ,definitions ,in this section3 7#a7 ,applicable committee of jurisdiction ,the term applicable committee of jurisdiction1 with respect to an unaffected agency1 means-- 7,a7 the ,committee on ,appropriations of the ,senate2 7,b7 the ,committee on ,appropriations of the ,house of ,representatives2 and 7,c7 any other committee of the ,senate or the ,house of ,representatives1 the approval of which is required for the unaffected agency to acquire real property4 7#b7 ,unaffected agency ,the term unaffected agency means an agency that acquires real property pursuant to an authority other than the ,general ,services ,administration4 7b7 ,requests 7#a7 ,,gsa-affected agencies ,to be eligible to receive a purchase transfer from the ,fund1 a ,,gsa-affected agency shall submit to the ,administrator1 the ,committees on ,appropriations and ,environment and ,public ,works of the ,senate1 and the ,committees on ,appropriations and ,transportation and ,infrastructure of the ,house of ,representatives a request that describes-- 7,a7 the eligible agency project proposed to be carried out by the ,,gsa-affected agency using the purchase transfer2 and 7,b7 with respect to the eligible agency project described in subparagraph 7,a7-- 7i7 each ,federal facility proposed to be included2 7ii7 an estimated total cost2 and 7iii7 a proposed schedule4 7#b7 ,unaffected agencies ,to be eligible to receive a purchase transfer from the ,fund1 an unaffected agency shall submit to each applicable committee of jurisdiction a request that describes-- 7,a7 the eligible agency project proposed to be carried out by the unaffected agency using the purchase transfer2 and 7,b7 with respect to the eligible agency project described in subparagraph 7,a7-- 7i7 each ,federal facility proposed to be included2 7ii7 an estimated total cost2 and 7iii7 a proposed schedule4 7c7 ,approval 7#a7 ,notice for ,,gsa-affected agencies ,on approval by the ,administrator of a request submitted by a ,,gsa-affected agency under subsection 7b77#a71 the ,administrator shall submit to ,congress a notice of the approval in accordance with subsections 7b7 and 7h7 of section #ccjg of title #dj1 ,united ,states ,code4 7#b7 ,congress ,on receipt of a request for a purchase transfer from the ,fund and the notice of approval by the ,administrator for ,,gsa-affected agencies required under paragraph 7#a71 ,congress may enact legislation-- 7,a7 approving the applicable eligible agency project and the purchase transfer1 subject to-- 7i7 for a request of a ,,gsa-affected agency1 subsections 7c7 and 7d7 of section #ccjg of title #dj1 ,united ,states ,code2 or 7ii7 for a request of an unaffected agency1 any applicable laws 7including regulations72 and 7,b7 appropriating an amount equal to the first repayment amount relating to the approved eligible agency project4 7#c7 ,administrator ,the ,administrator may transfer amounts in the ,fund to an agency only if-- 7,a7 ,congress has enacted legislation pursuant to paragraph 7#b77;,a7 approving-- 7i7 the eligible agency project of the agency2 and 7ii7 the purchase transfer2 and 7,b7 the agency has-- 7i7 received appropriations pursuant to section #f7;e7 for the first repayment amount2 and 7ii7 made the first repayment to the ,fund in accordance with section #f4 7#d7 ,secretary of ,treasury ,the ,secretary of the ,treasury1 in consultation with the ,director of the ,office of ,management and ,budget and the head of the applicable purchasing agency1 may establish within that purchasing agency new accounts for the purpose of facilitating budgetary and financial reporting of the transactions authorized by this ,act4 7d7 ,amount ,the total amount of a purchase transfer shall be not less than an amount equal to the sum of-- 7#a7 the full cost of the relevant eligible agency project1 which shall be not less than a useful segment of the applicable ,federal facility2 and 7#b7 the administrative fee required to be paid by the relevant purchasing agency under subsection 7h71 as determined by the ,administrator4 7e7 ,availability 7#a7 ,in general ,subject to paragraph 7#b71 a purchase transfer to a purchasing agency-- 7,a7 shall remain available until expended2 7,b7 shall be used solely to pay the costs of an eligible agency project2 and 7,c7 may not be transferred or reprogrammed for any other purpose4 7#b7 ,return of unused amounts ,any portion of a purchase transfer that is not necessary to pay for the total cost of an eligible agency project shall be returned to the ,fund1 as follows3 7,a7 ,timing ,any unobligated purchase transfer amounts shall be returned to the ,fund-- 7i7 after the relevant eligible agency project is substantially complete1 as determined by the applicable purchasing agency2 and 7ii7 by not later than #b years after the date on which the most recent outlay of funds from the purchase transfer by the purchasing agency occurred4 7,b7 ,upward adjustments ,if1 after the return of unused purchase transfer amounts under subparagraph 7,a71 there occurs an upward adjustment to a previously incurred obligation for the eligible agency project1 the ,fund shall provide to the applicable purchasing agency an expenditure transfer for the upward adjustment in an amount equal to the lower of-- 7i7 the amount returned under subparagraph 7,a72 and 7ii7 the amount of the upward adjustment to the previously incurred obligation4 7f7 ,limitations 7#a7 ,availability of amounts ,notwithstanding any appropriations ,act making amounts available for a purchase transfer under this section1 if the amount made available to the applicable purchasing agency for the first repayment amount relating to the purchase transfer is less than the amount required by section #f7;b7 for the fiscal year1 the amount transferred from the ,fund to the purchasing agency shall be equal to the product obtained by multiplying-- 7,a7 that first repayment amount2 and 7,b7 the number of years in the applicable repayment period under section #f7;c74 7#b7 ,annual maximum ,the total amount appropriated for a fiscal year for new purchase transfers under this section shall be not more than an amount equal to the sum of-- 7,a7 #b1ejj1jjj1jjj2 and 7,b7 the total amount1 if any1 by which the amounts appropriated for purchase transfers during any preceding fiscal years were less than the amount described in subparagraph 7,a74 7#c7 ,higher project costs ,if the amount appropriated from the ,fund for a purchase transfer under this section is insufficient to pay the full costs of the eligible agency project that is the subject of the purchase transfer1 an amount in excess of the appropriated amount may be transferred from the ,fund to the applicable purchasing agency only if-- 7,a7 the additional transfer is approved in advance by an appropriations ,act2 and 7,b7 the purchasing agency has-- 7i7 received an appropriation of an additional amount for the adjustment to the repayment amount under section #f7;b77#b72 and 7ii7 repaid to the ,fund that additional repayment amount4 7#d7 ,effect of section ,nothing in this section requires any unaffected agency to receive approval from the ,administrator1 or to achieve compliance with section #ccjg of title #dj1 ,united ,states ,code1 before acquiring real property pursuant to an existing authority of the unaffected agency for purposes of this ,act4 7g7 ,excess purchase transfer amounts ,in any fiscal year during which the total amount of purchase transfers approved to be appropriated from the ,fund exceeds an amount equal to the lesser of the amount available in the ,fund and the annual limitation described in subsection 7f77#b7 for that fiscal year-- 7#a7 each purchase transfer approved by an appropriations ,act for the fiscal year shall be reduced by a uniform percentage1 to be calculated by the ,administrator in a manner that ensures that the excess is eliminated2 and 7#b7 the ,administrator may not transfer from the ,fund an amount equal to more than the reduced purchase transfer amount calculated under paragraph 7#a74 7h7 ,administrative fee ,on receipt of a purchase transfer1 a purchasing agency shall pay to the ,administrator from the purchase transfer a #a-time administrative fee in an amount equal to not less than #j4jc percent of the total cost of the eligible agency project that is the subject of the purchase transfer4 #f4 ,repayments to ,fund 7a7 ,agreement required ,as a condition of receiving a purchase transfer from the ,fund1 a purchasing agency shall enter into a written agreement with the ,administrator under which the purchasing agency shall agree to make annual repayments to the ,fund in accordance with this section4 7b7 ,amount 7#a7 ,in general ,subject to paragraph 7#b71 the amount of an annual repayment to the ,fund by a purchasing agency under this section shall be an amount equal to the quotient obtained by dividing-- 7,a7 the amount of the purchase transfer provided to the purchasing agency2 by 7,b7 the number of years in the repayment period1 as determined under subsection 7c74 7#b7 ,adjustment 7,a7 ,in general ,in any case described in subparagraph 7,b71 after a purchasing agency repays to the ,fund the applicable repayment amount1 the ,administrator shall adjust the repayment amount owed by the purchasing agency for each fiscal year thereafter by such uniform amount as the ,administrator determines to be necessary to ensure that the sum of all repayments 7including any repayments already paid to the ,fund7 by the purchasing agency is equal to the actual cost of the eligible agency project of the purchasing agency4 7,b7 ,description ,a case referred to in subparagraph 7,a7 is any case in which-- 7i7 the actual cost of the eligible agency project of the purchasing agency is less than the purchase transfer to the purchasing agency2 7ii7 7,i7 the actual cost of the eligible agency project of the purchasing agency is greater than the purchase transfer to the purchasing agency2 and 7,,ii7 an additional purchase transfer in an amount equal to the amount of the difference has been approved in advance in an appropriations ,act2 7iii7 the total amount of repayments by the purchasing agency exceeds the annual repayment amount described in paragraph 7#a72 or 7iv7 the amount of the purchase transfer is reduced under section #e7;g74 7c7 ,repayment period ,the period over which a purchasing agency shall repay to the ,fund the amount described in subsection 7b7 shall be-- 7#a7 such period as may be agreed to by the purchasing agency and the ,administrator2 but 7#b7 not longer than #ae years1 beginning in the fiscal year for which the first repayment amount is appropriated to the purchasing agency pursuant to subsection 7e77#a74 7d7 ,frequency ,repayments shall be made under this section not less frequently than annually during the period described in subsection 7c74 7e7 ,authorization of appropriations 7#a7 ,in general ,there are authorized to be appropriated to each purchasing agency such sums as are necessary for the repayments owed by the purchasing agency to the ,fund under this section for each fiscal year during the period-- 7,a7 beginning in the first fiscal year during which amounts are transferred from the ,fund to the purchasing agency under section #e7;c77#c72 and 7,b7 ending on the last day of the repayment period determined for the purchasing agency under subsection 7c74 7#b7 ,treatment ,the receipt by a purchasing agency of amounts made available pursuant to paragraph 7#a7 for a fiscal year shall be considered to be a legal obligation of the purchasing agency during that fiscal year to make a repayment to the ,fund in accordance with this section4 #g4 ,treatment of eligible agency projects and ,federal facilities 7a7 ,disposition 7#a7 ,in general ,disposition of an eligible agency project and any ,federal facility that is the subject of an eligible agency project shall be carried out in accordance with-- 7,a7 applicable laws 7including regulations72 and 7,b7 this subsection4 7#b7 ,outstanding repayment obligations ,if the disposition of an eligible agency project or ,federal facility described in paragraph 7#a7 occurs before the applicable purchasing agency has completed the obligation of the purchasing agency to make any repayment to the ,fund under section #f1 the purchasing agency shall continue to make the required repayments until the date on which the ,fund is fully repaid1 subject to the availability of appropriations4 7#c7 ,use of proceeds 7,a7 ,in general ,if the disposition of an eligible agency project or ,federal facility described in paragraph 7#a7 results in the receipt of sale proceeds1 those proceeds shall be available-- 7i7 initially1 to the applicable purchasing agency to pay any remaining unpaid repayments owed by the purchasing agency to the ,fund2 and 7ii7 thereafter1 for the purpose of supporting authorized real property activities 7excluding operations and maintenance7-- 7,i7 to the applicable purchasing agency1 in the case of a purchasing agency that is an unaffected agency 7as defined in section #e7;a772 or 7,,ii7 to the ,administrator1 in the case of an asset held in the inventory of the ,general ,services ,administration under subsection 7c74 7,b7 ,availability ,any proceeds from a sale under subparagraph 7,a7-- 7i7 shall be available until expended1 without further appropriation2 and 7ii7 may be deposited in any account of the applicable purchasing agency or the ,general ,services ,administration1 as applicable1 that is available for the purposes described in clauses 7i7 and 7ii7 of subparagraph 7,a74 7b7 ,changes in need or condition ,a change in the mission need of a purchasing agency for an eligible agency project or ,federal facility that is the subject of an eligible agency project1 and any change in the condition of such an eligible agency project or ,federal facility1 shall not affect any applicable repayment obligation relating to the eligible agency project under section #f4 7c7 ,holding in ,administration inventory 7#a7 ,definitions ,in this subsection3 7,a7 ,administration ,the term ,administration means the ,general ,services ,administration4 7,b7 ,covered property ,the term covered property means any asset acquired through the ,administration by a purchasing agency using a purchase transfer4 7#b7 ,inclusion in inventory ,on acquisition by a ,,gsa-affected agency of any covered property1 the covered property shall be-- 7,a7 placed in the inventory of the ,administration2 and 7,b7 considered to be under the custody and control of the ,administrator1 subject to the requirements of this subsection4 7#c7 ,payment to ,administrator 7,a7 ,in general ,on receipt by a ,,gsa-affected agency of amounts pursuant to a purchase transfer for the acquisition of any covered property1 the ,,gsa-affected agency-- 7i7 except as provided in clause 7ii71 shall transfer the purchase transfer amount to the ,administrator for deposit in the ,federal ,buildings ,fund under section #eib of title #dj1 ,united ,states ,code2 but 7ii7 may retain such portion of the purchase transfer amount as is necessary for acquisition by the ,,gsa-affected agency of associated furniture1 fixtures1 and equipment necessary to furnish the ,federal facility for initial occupancy in accordance with subparagraph 7,b74 7,b7 ,use ,the ,administrator or a ,,gsa-affected agency shall use the amounts transferred under subparagraph 7,a77i7 or retained under subparagraph 7,a77ii71 respectively1 only to pay the costs of the eligible agency project associated with the covered property4 7,c7 ,prohibition on fees ,the ,administrator may not charge any fee for the execution of an eligible agency project on covered property pursuant to subparagraph 7,b71 other than the #a-time administrative fee described in section #e7;h74 7#d7 ,occupancy agreement ,the ,administrator and the head of the applicable ,,gsa-affected agency shall enter into an occupancy agreement with respect to any covered property acquired by the ,,gsa-affected agency that-- 7,a7 recognizes the investment of the ,,gsa-affected agency in the covered property and the associated eligible agency project by providing for shell rent abatement1 in accordance with paragraph 7#e72 and 7,b7 establishes that the purchasing agency shall continue to be responsible for making annual repayments to the ,fund in accordance with section #f with respect to the covered property4 7#e7 ,shell rent abatement ,the shell rent abatement provisions under paragraph 7#d77;,a7 relating to an occupancy agreement with respect to covered property shall include requirements that rental payments shall-- 7,a7 be made by the ,,gsa-affected agency to the ,administration immediately on occupancy of the covered property by the ,,gsa-affected agency2 7,b7 for the #e-year period beginning on the initial date of occupancy of the covered property by the ,,gsa-affected agency1 be in an amount equal to the operating costs during the rental payment period of the ,,gsa-affected agency relating to the covered property2 and 7,c7 effective during the period beginning on the date immediately after the period described in subparagraph 7,b7 and ending on the date that is #be years after the initial date of occupancy of the covered property by the ,,gsa-affected agency1 be in an amount equal to the sum of-- 7i7 the operating costs during the rental payment period of the ,,gsa-affected agency relating to the covered property2 and 7ii7 such reduced shell rental rate as the ,,gsa-affected agency and the ,administrator may negotiate1 subject to the requirement that the cumulative difference between the appraised market rent rate of the covered property and the reduced shell rental rate shall be equal to not more than the amount of the applicable purchase transfer4 #h4 ,budget enforcement ,for purposes of budget enforcement under the ,congressional ,budget and ,impoundment ,control ,act of #aigd 7#b ,u4,s4,c4 #fba et seq471 the ,balanced ,budget and ,emergency ,deficit ,control ,act of #aihe 7#b ,u4,s4,c4 #ijj et seq471 and the ,statutory ,pay-,as-,you-,go ,act of #bjaj 7#b ,u4,s4,c4 #ica et seq47 relating to this ,act1 the following shall apply3 7#a7 ,direct spending ,any provision in an appropriations ,act approving a purchase transfer from the ,fund to a purchasing agency1 and collection by the ,fund of repayments from the purchasing agency-- 7,a7 shall be classified as direct spending 7as defined in section #bej7;c7 of the ,balanced ,budget and ,emergency ,deficit ,control ,act of #aihe 7#b ,u4,s4,c4 #ijj7;c7772 and 7,b7 shall not be included in the estimates under section #bea7;a77#g7 of the ,balanced ,budget and ,emergency ,deficit ,control ,act of #aihe 7#b ,u4,s4,c4 #ija7;a77#g77 or considered budgetary effects for the purposes of section #c7d7 of the ,statutory ,pay-,as-,you-,go ,act of #bjaj 7#b ,u4,s4,c4 #icb7d774 7#b7 ,discretionary appropriations ,a provision providing appropriations to a purchasing agency for annual repayments to the ,fund shall be-- 7,a7 classified as discretionary appropriations2 and 7,b7 scored in the fiscal year for which such appropriations are made available by an appropriations ,act4 7#c7 ,changes to ,fund balance 7,a7 ,definition ,in this paragraph1 the term provision changing the ,fund balance means a provision in an appropriations ,act that-- 7i7 rescinds or precludes from obligation balances in the ,fund2 7ii7 rescinds or precludes from obligation balances of approved purchase transfers2 or 7iii7 reduces the annual limitation on total purchase transfers under section #e7;f77#b74 7,b7 ,effects ,a provision changing the ,fund balance-- 7i7 shall be considered budgetary effects for purposes of the ,statutory ,pay-,as-,you-,go ,act of #bjaj 7#b ,u4,s4,c4 #ica et seq471 and such budgetary effects shall be placed on the scorecards maintained pursuant to section #d7;d7 of that ,act 7#b ,u4,s4,c4 #icc7;d77 and the scorecards maintained for purposes of section #dajf of ,h4 ,con4 ,res4 #ga 7#aaeth ,congress72 and 7ii7 shall not be included in the estimates under section #bea7;a77#g7 of the ,balanced ,budget and ,emergency ,deficit ,control ,act of #aihe 7#b ,u4,s4,c4 #ija7;a77#g774 7#d7 ,failure to appropriate repayments 7,a7 ,definition ,in this paragraph1 the term failure to appropriate a repayment means that-- 7i7 an appropriations ,act for a fiscal year provides a first repayment amount for an eligible agency project2 and 7ii7 for a subsequent fiscal year during the repayment period1 no appropriations ,act provides an appropriation for the repayment amount required for that fiscal year4 7,b7 ,effects ,if there is a failure to appropriate a repayment1 an amount equal to the required repayment for the applicable fiscal year1 calculated pursuant to section #f7;b71 shall be included in the estimates under section #bea7;a77#g7 of the ,balanced ,budget and ,emergency ,deficit ,control ,act of #aihe 7#b ,u4,s4,c4 #ija7;a77#g774 7#e7 ,transfers and reprogramming 7,a7 ,definition ,in this paragraph1 the term transfer or reprogramming provision means a provision in an appropriations ,act that1 notwithstanding subparagraphs 7,b7 and 7,c7 of section #e7;e77#a71 authorizes or requires-- 7i7 a transfer of amounts in the ,fund for any purpose other than to cover the costs of eligible agency projects2 or 7ii7 a purchasing agency to transfer or reprogram a purchase transfer for a purpose other than paying the costs of an eligible agency project4 7,b7 ,effects ,the amount transferred or reprogrammed under a transfer or reprogramming provision shall be included in the estimates of discretionary appropriations under section #bea7;a77#g7 of the ,balanced ,budget and ,emergency ,deficit ,control ,act of #aihe 7#b ,u4,s4,c4 #ija7;a77#g774 #i4 ,sequestration ,section #bee7;g77#a77;,a7 of the ,balanced ,budget and ,emergency ,deficit ,control ,act of #aihe 7#b ,u4,s4,c4 #ije7;g77#a77;,a77 is amended by inserting after the item relating to ,farm ,credit ,system ,insurance ,corporation1 ,farm ,credit ,insurance ,fund the following3 ,federal ,capital ,revolving ,fund 7#dg-dfad-j-d-hjd74 4 #aj4 ,administrative provisions 7a7 ,treatment as expenditure transfers ,the following shall be considered to be1 and shall be recorded as1 expenditure transfers3 7#a7 ,each purchase transfer4 7#b7 ,each payment of an administrative fee under section #e7;h74 7#c7 ,each transfer of repayment amounts to the ,fund under section #f4 7b7 ,effect of ,act ,nothing in this ,act-- 7#a7 provides any new real property landholding or land managing authority to a purchasing agency2 7#b7 otherwise affects any existing real property landholding or land managing authority of an agency1 as in effect on the date of enactment of this ,act2 or 7#c7 permits the ,president1 the ,administrator1 or the head of any other agency to transfer1 reprogram1 or otherwise use any amounts in the ,fund absent specific language enacted by ,congress authorizing such an action4