,,ii #aag? ,,congress #a/ ,session ,s4 #aibf ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,may #bg1 #bjba,mr4 ,van ,holl5 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,environm5t & ,public ,works ,a ,,bill ,to e/abli% a ,f$]al ,capital ,revolv+ ,fund to assi/ ,f$]al ag5cies 9 pur*as+ capital assets1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,f$]al ,capital ,revolv+ ,fund ,act ( #bjba4 #b4 ,f9d+s2 purpose 7a7 ,f9d+s ,congress f9ds t-- 7#a7 sudd5 increases 9 fund+ = pur*ases ( f$]ally own$ capital assets are difficult to fit )9 fund+ available "u discretion>y sp5d+ limits2 7#b7 failure to recapitalize or replace ,f$]al capital assets on a regul> s*$ule ultimately increases ! co/ to taxpay]s ( deliv]+ s]vices2 7#c7 9 app5dix ,j1 entitl$ ,pr9ciples ( ,budget+ = ,capital ,asset ,acquisitions1 ( ,circul> ,a-#aa1 ! ,(fice ( ,managem5t & ,budget recomm5d$ comb9+ assets 9 capital acquisition acc\nts to accommodate spikes 9 fund+ capital acquisitions2 7#d7 9 ! docum5t entitl$ ,budget+ = ,f$]al ,inve/m5t & dat$ ,april #ae1 #bjba1 ! ,congressional ,budget ,(fice /ates t !re is1 a budget>y inc5tive to opt = %ort-t]m leases ev5 if !y are m exp5sive ?an long-t]m leases or pur*ases1 & id5tifies a ,f$]al ,capital ,revolv+ ,fund z a pot5tial solution2 & 7#e7 ! docum5t ( ! ,gov]nm5t ,acc\ntability ,(fice numb]$ ,,gao-#ad-bci f\nd t budget+ = f$]ally own$ capital assets c\ld be improv$ by creat+ a ,gov]nm5t-wide capital acquisition fund ) upfront m&atory fund+-- 7,a7 to pay = projects e/imat$ to exce$ a c]ta9 total-co/ ?re%old2 & 7,b7 to be repaid by annual discretion>y fund+ provid$ by ag5cy subcommittee appropriators4 7b7 ,purpose ,! purpose ( ?is ,act is to improve ! means by :i* ! ,f$]al ,gov]nm5t budgets = exp5sive1 f$]ally own$1 civilian facilities by-- 7#a7 e/abli%+ a m&atory revolv+ fund to pay ! upfront co/s ( acquir+ ^? facilities 9 a mann] t ensures t ! acquisition co/s d n compete ) small] pur*ases & op]at+ exp5ses = fund+ "u applicable discretion>y sp5d+ limits2 & 7#b7 requir+ ag5cies to use discretion>y appropriations to repl5i% ! revolv+ fund ref]r$ to 9 p>agraph 7#a7 ov] a sev]al-ye> p]iod z ! ag5cies use ! facilities describ$ 9 t p>agraph to meet ,f$]al mission ne$s4 #c4 ,def9itions ,9 ?is ,act3 7#a7 ,adm9i/rator ,! t]m ,adm9i/rator means ! ,adm9i/rator ( ,g5]al ,s]vices4 7#b7 ,ag5cy 7,a7 ,9 g5]al ,! t]m ag5cy means any ag5cy includ$ 9 a li/ "u p>agraph 7#a7 or 7#b7 ( section #ija7;b7 ( title #ca1 ,unit$ ,/ates ,code4 7,b7 ,exclusion ,! t]m ag5cy does n include ! ,dep>tm5t ( ,def5se4 7#c7 ,discretion>y appropriations ,! t]m discretion>y appropriations has ! mean+ giv5 t t]m 9 section #bej7;c7 ( ! ,balanc$ ,budget & ,em]g5cy ,deficit ,control ,act ( #aihe 7#b ,u4,s4,c4 #ijj7;c774 7#d7 ,eligible ag5cy project 7,a7 ,9 g5]al ,! t]m eligible ag5cy project means an action by an ag5cy-- 7i7 to acquire 7includ+ any relat$ activity relat+ to sit+1 design1 managem5t & inspection1 con/ruction1 or commission+1 & includ+ all co/s associat$ ) tempor>y space & ! acquisition ( associat$ furniture1 fixtures1 & equipm5t necess>y to furni% ! ,f$]al facility = initial occupancy7 a facility = use by ! ag5cy z a ,f$]al facility1 ?r\gh-- 7,i7 pur*ase2 7,,ii7 con/ruction2 7,,iii7 manufacture2 7,,iv7 lease-pur*ase2 7,v7 in/allm5t pur*ase2 7,,vi7 outlease-leaseback2 7,,vii7 ex*ange2 or 7,,viii7 mod]nization by r5ovation2 7ii7 to pay to ! ,adm9i/rator an adm9i/rative fee = ea* acquisition describ$ 9 clause 7i71 9 accordance ) section #e7;h72 & 7iii7 ! total co/ ( :i* is n less ?an #bej1jjj1jjj4 7,b7 ,exclusions ,! t]m eligible ag5cy project does n include-- 7i7 an acquisition = resale 9 ! ord9>y c\rse ( ag5cy op]ations2 7ii7 ! acquisition ( any consumable good1 su* z op]at+ mat]ials or supplies2 7iii7 an activity = normal ma9t5ance or repair ( real prop]ty2 7iv7 ! paym5t ( any sal>y or o!r op]at+ exp5se ( an ag5cy2 7v7 ! provision by an ag5cy to any non-,f$]al individual or entity (-- 7,i7 a grant2 7,,ii7 a tax inc5tive2 or 7,,iii7 a ,f$]al cr$it assi/ance in/rum5t2 or 7vi7 ! execution ( any capital lease pursuant to :i* title does n automatically pass to ! ,f$]al ,gov]nm5t4 7#e7 ,f$]al facility ,! t]m ,f$]al facility means a /ructure on real prop]ty-- 7,a7 t has a useful life ( n less ?an #be ye>s1 z det]m9$ by ! ,adm9i/rator2 & 7,b7 )9 :i* #a or m ,f$]al employees or p]sonnel c>ry out1 or are propos$ to c>ry out1 an ag5cy mission4 7#f7 ,fund ,! t]m ,fund means ! ,f$]al ,capital ,revolv+ ,fund e/abli%$ by section #d7;a74 7#g7 ,,gsa-affect$ ag5cy ,! t]m ,,gsa-affect$ ag5cy means an ag5cy t acquires real prop]ty ?r\gh ! ,g5]al ,s]vices ,adm9i/ration pursuant to section #ccjg ( title #dj1 ,unit$ ,/ates ,code4 7#h7 ,pur*ase transf] ,! t]m pur*ase transf] means an am\nt t is-- 7,a7 approv$ by an appropriations ,act to be transf]r$ f ! ,fund to a pur*as+ ag5cy "u section #e2 & 7,b7 n less ?an ! am\nt requir$ "u section #e7;d74 7#i7 ,pur*as+ ag5cy ,! t]m pur*as+ ag5cy means an ag5cy t receives f ! ,fund a pur*ase transf] to pay ! co/ ( an eligible ag5cy project4 #d4 ,f$]al ,capital ,revolv+ ,fund 7a7 ,e/abli%m5t ,!re is e/abli%$ 9 ! ,treasury ( ! ,unit$ ,/ates a fund1 to be kn[n z ! ,f$]al ,capital ,revolv+ ,fund1 consi/+ ( ! am\nts deposit$ "u subsection 7b71 to be adm9i/]$ by ! ,adm9i/rator4 7b7 ,deposits ,! ,secret>y ( ! ,treasury %all deposit 9 ! ,fund-- 7#a7 z soon z practicable aft] ! date ( enactm5t ( ?is ,act1 out ( any funds 9 ! ,treasury n o!rwise appropriat$1 #aj1jjj1jjj1jjj to capitalize ! ,fund2 & 7#b7 any am\nts receiv$ f pur*as+ ag5cies ?r\gh repaym5ts "u section #f4 7c7 ,availability ,am\nts 9 ! ,fund %all-- 7#a7 be us$ only = ! purpose describ$ 9 subsection 7d77#a72 & 7#b7 rema9 available until exp5d$4 7d7 ,use ( ,fund ,am\nts 9 ! ,fund-- 7#a7 %all be available only on approval ( a pur*ase transf] to a pur*as+ ag5cy to pay ! co/s ( an eligible ag5cy project1 9 accordance ) ?is ,act2 & 7#b7 may n be transf]r$ or reprogramm$ = any purpose o!r ?an ! purpose specifi$ 9 p>agraph 7#a74 #e4 ,pur*ase transf]s 7a7 ,def9itions ,9 ?is section3 7#a7 ,applicable committee ( jurisdiction ,! t]m applicable committee ( jurisdiction1 ) respect to an unaffect$ ag5cy1 means-- 7,a7 ! ,committee on ,appropriations ( ! ,s5ate2 7,b7 ! ,committee on ,appropriations ( ! ,h\se ( ,repres5tatives2 & 7,c7 any o!r committee ( ! ,s5ate or ! ,h\se ( ,repres5tatives1 ! approval ( :i* is requir$ = ! unaffect$ ag5cy to acquire real prop]ty4 7#b7 ,unaffect$ ag5cy ,! t]m unaffect$ ag5cy means an ag5cy t acquires real prop]ty pursuant to an au?ority o!r ?an ! ,g5]al ,s]vices ,adm9i/ration4 7b7 ,reque/s 7#a7 ,,gsa-affect$ ag5cies ,to be eligible to receive a pur*ase transf] f ! ,fund1 a ,,gsa-affect$ ag5cy %all submit to ! ,adm9i/rator1 ! ,committees on ,appropriations & ,environm5t & ,public ,works ( ! ,s5ate1 & ! ,committees on ,appropriations & ,transportation & ,infra/ructure ( ! ,h\se ( ,repres5tatives a reque/ t describes-- 7,a7 ! eligible ag5cy project propos$ to be c>ri$ out by ! ,,gsa-affect$ ag5cy us+ ! pur*ase transf]2 & 7,b7 ) respect to ! eligible ag5cy project describ$ 9 subp>agraph 7,a7-- 7i7 ea* ,f$]al facility propos$ to be includ$2 7ii7 an e/imat$ total co/2 & 7iii7 a propos$ s*$ule4 7#b7 ,unaffect$ ag5cies ,to be eligible to receive a pur*ase transf] f ! ,fund1 an unaffect$ ag5cy %all submit to ea* applicable committee ( jurisdiction a reque/ t describes-- 7,a7 ! eligible ag5cy project propos$ to be c>ri$ out by ! unaffect$ ag5cy us+ ! pur*ase transf]2 & 7,b7 ) respect to ! eligible ag5cy project describ$ 9 subp>agraph 7,a7-- 7i7 ea* ,f$]al facility propos$ to be includ$2 7ii7 an e/imat$ total co/2 & 7iii7 a propos$ s*$ule4 7c7 ,approval 7#a7 ,notice = ,,gsa-affect$ ag5cies ,on approval by ! ,adm9i/rator ( a reque/ submitt$ by a ,,gsa-affect$ ag5cy "u subsection 7b77#a71 ! ,adm9i/rator %all submit to ,congress a notice ( ! approval 9 accordance ) subsections 7b7 & 7h7 ( section #ccjg ( title #dj1 ,unit$ ,/ates ,code4 7#b7 ,congress ,on receipt ( a reque/ = a pur*ase transf] f ! ,fund & ! notice ( approval by ! ,adm9i/rator = ,,gsa-affect$ ag5cies requir$ "u p>agraph 7#a71 ,congress may enact legislation-- 7,a7 approv+ ! applicable eligible ag5cy project & ! pur*ase transf]1 subject to-- 7i7 = a reque/ ( a ,,gsa-affect$ ag5cy1 subsections 7c7 & 7d7 ( section #ccjg ( title #dj1 ,unit$ ,/ates ,code2 or 7ii7 = a reque/ ( an unaffect$ ag5cy1 any applicable laws 7includ+ regulations72 & 7,b7 appropriat+ an am\nt equal to ! fir/ repaym5t am\nt relat+ to ! approv$ eligible ag5cy project4 7#c7 ,adm9i/rator ,! ,adm9i/rator may transf] am\nts 9 ! ,fund to an ag5cy only if-- 7,a7 ,congress has enact$ legislation pursuant to p>agraph 7#b77;,a7 approv+-- 7i7 ! eligible ag5cy project ( ! ag5cy2 & 7ii7 ! pur*ase transf]2 & 7,b7 ! ag5cy has-- 7i7 receiv$ appropriations pursuant to section #f7;e7 = ! fir/ repaym5t am\nt2 & 7ii7 made ! fir/ repaym5t to ! ,fund 9 accordance ) section #f4 7#d7 ,secret>y ( ,treasury ,! ,secret>y ( ! ,treasury1 9 consultation ) ! ,director ( ! ,(fice ( ,managem5t & ,budget & ! head ( ! applicable pur*as+ ag5cy1 may e/abli% )9 t pur*as+ ag5cy new acc\nts = ! purpose ( facilitat+ budget>y & f9ancial report+ ( ! transactions au?oriz$ by ?is ,act4 7d7 ,am\nt ,! total am\nt ( a pur*ase transf] %all be n less ?an an am\nt equal to ! sum (-- 7#a7 ! full co/ ( ! relevant eligible ag5cy project1 :i* %all be n less ?an a useful segm5t ( ! applicable ,f$]al facility2 & 7#b7 ! adm9i/rative fee requir$ to be paid by ! relevant pur*as+ ag5cy "u subsection 7h71 z det]m9$ by ! ,adm9i/rator4 7e7 ,availability 7#a7 ,9 g5]al ,subject to p>agraph 7#b71 a pur*ase transf] to a pur*as+ ag5cy-- 7,a7 %all rema9 available until exp5d$2 7,b7 %all be us$ solely to pay ! co/s ( an eligible ag5cy project2 & 7,c7 may n be transf]r$ or reprogramm$ = any o!r purpose4 7#b7 ,return ( unus$ am\nts ,any portion ( a pur*ase transf] t is n necess>y to pay = ! total co/ ( an eligible ag5cy project %all be return$ to ! ,fund1 z foll[s3 7,a7 ,tim+ ,any unobligat$ pur*ase transf] am\nts %all be return$ to ! ,fund-- 7i7 aft] ! relevant eligible ag5cy project is sub/antially complete1 z det]m9$ by ! applicable pur*as+ ag5cy2 & 7ii7 by n lat] ?an #b ye>s aft] ! date on :i* ! mo/ rec5t outlay ( funds f ! pur*ase transf] by ! pur*as+ ag5cy occurr$4 7,b7 ,upw>d adju/m5ts ,if1 aft] ! return ( unus$ pur*ase transf] am\nts "u subp>agraph 7,a71 !re occurs an upw>d adju/m5t to a previ\sly incurr$ obligation = ! eligible ag5cy project1 ! ,fund %all provide to ! applicable pur*as+ ag5cy an exp5diture transf] = ! upw>d adju/m5t 9 an am\nt equal to ! l[] (-- 7i7 ! am\nt return$ "u subp>agraph 7,a72 & 7ii7 ! am\nt ( ! upw>d adju/m5t to ! previ\sly incurr$ obligation4 7f7 ,limitations 7#a7 ,availability ( am\nts ,not)/&+ any appropriations ,act mak+ am\nts available = a pur*ase transf] "u ?is section1 if ! am\nt made available to ! applicable pur*as+ ag5cy = ! fir/ repaym5t am\nt relat+ to ! pur*ase transf] is less ?an ! am\nt requir$ by section #f7;b7 = ! fiscal ye>1 ! am\nt transf]r$ f ! ,fund to ! pur*as+ ag5cy %all be equal to ! product obta9$ by multiply+-- 7,a7 t fir/ repaym5t am\nt2 & 7,b7 ! numb] ( ye>s 9 ! applicable repaym5t p]iod "u section #f7;c74 7#b7 ,annual maximum ,! total am\nt appropriat$ = a fiscal ye> = new pur*ase transf]s "u ?is section %all be n m ?an an am\nt equal to ! sum (-- 7,a7 #b1ejj1jjj1jjj2 & 7,b7 ! total am\nt1 if any1 by :i* ! am\nts appropriat$ = pur*ase transf]s dur+ any prec$+ fiscal ye>s 7 less ?an ! am\nt describ$ 9 subp>agraph 7,a74 7#c7 ,high] project co/s ,if ! am\nt appropriat$ f ! ,fund = a pur*ase transf] "u ?is section is insuffici5t to pay ! full co/s ( ! eligible ag5cy project t is ! subject ( ! pur*ase transf]1 an am\nt 9 excess ( ! appropriat$ am\nt may be transf]r$ f ! ,fund to ! applicable pur*as+ ag5cy only if-- 7,a7 ! additional transf] is approv$ 9 advance by an appropriations ,act2 & 7,b7 ! pur*as+ ag5cy has-- 7i7 receiv$ an appropriation ( an additional am\nt = ! adju/m5t to ! repaym5t am\nt "u section #f7;b77#b72 & 7ii7 repaid to ! ,fund t additional repaym5t am\nt4 7#d7 ,effect ( section ,no?+ 9 ?is section requires any unaffect$ ag5cy to receive approval f ! ,adm9i/rator1 or to a*ieve compliance ) section #ccjg ( title #dj1 ,unit$ ,/ates ,code1 be=e acquir+ real prop]ty pursuant to an exi/+ au?ority ( ! unaffect$ ag5cy = purposes ( ?is ,act4 7g7 ,excess pur*ase transf] am\nts ,9 any fiscal ye> dur+ :i* ! total am\nt ( pur*ase transf]s approv$ to be appropriat$ f ! ,fund exce$s an am\nt equal to ! less] ( ! am\nt available 9 ! ,fund & ! annual limitation describ$ 9 subsection 7f77#b7 = t fiscal ye>-- 7#a7 ea* pur*ase transf] approv$ by an appropriations ,act = ! fiscal ye> %all be r$uc$ by a uni=m p]c5tage1 to be calculat$ by ! ,adm9i/rator 9 a mann] t ensures t ! excess is elim9at$2 & 7#b7 ! ,adm9i/rator may n transf] f ! ,fund an am\nt equal to m ?an ! r$uc$ pur*ase transf] am\nt calculat$ "u p>agraph 7#a74 7h7 ,adm9i/rative fee ,on receipt ( a pur*ase transf]1 a pur*as+ ag5cy %all pay to ! ,adm9i/rator f ! pur*ase transf] a #a-"t adm9i/rative fee 9 an am\nt equal to n less ?an #j4jc p]c5t ( ! total co/ ( ! eligible ag5cy project t is ! subject ( ! pur*ase transf]4 #f4 ,repaym5ts to ,fund 7a7 ,agreem5t requir$ ,z a condition ( receiv+ a pur*ase transf] f ! ,fund1 a pur*as+ ag5cy %all ent] into a writt5 agreem5t ) ! ,adm9i/rator "u :i* ! pur*as+ ag5cy %all agree to make annual repaym5ts to ! ,fund 9 accordance ) ?is section4 7b7 ,am\nt 7#a7 ,9 g5]al ,subject to p>agraph 7#b71 ! am\nt ( an annual repaym5t to ! ,fund by a pur*as+ ag5cy "u ?is section %all be an am\nt equal to ! quoti5t obta9$ by divid+-- 7,a7 ! am\nt ( ! pur*ase transf] provid$ to ! pur*as+ ag5cy2 by 7,b7 ! numb] ( ye>s 9 ! repaym5t p]iod1 z det]m9$ "u subsection 7c74 7#b7 ,adju/m5t 7,a7 ,9 g5]al ,9 any case describ$ 9 subp>agraph 7,b71 aft] a pur*as+ ag5cy repays to ! ,fund ! applicable repaym5t am\nt1 ! ,adm9i/rator %all adju/ ! repaym5t am\nt ow$ by ! pur*as+ ag5cy = ea* fiscal ye> !reaft] by su* uni=m am\nt z ! ,adm9i/rator det]m9es to be necess>y to ensure t ! sum ( all repaym5ts 7includ+ any repaym5ts already paid to ! ,fund7 by ! pur*as+ ag5cy is equal to ! actual co/ ( ! eligible ag5cy project ( ! pur*as+ ag5cy4 7,b7 ,description ,a case ref]r$ to 9 subp>agraph 7,a7 is any case 9 :i*-- 7i7 ! actual co/ ( ! eligible ag5cy project ( ! pur*as+ ag5cy is less ?an ! pur*ase transf] to ! pur*as+ ag5cy2 7ii7 7,i7 ! actual co/ ( ! eligible ag5cy project ( ! pur*as+ ag5cy is great] ?an ! pur*ase transf] to ! pur*as+ ag5cy2 & 7,,ii7 an additional pur*ase transf] 9 an am\nt equal to ! am\nt ( ! diff]5ce has be5 approv$ 9 advance 9 an appropriations ,act2 7iii7 ! total am\nt ( repaym5ts by ! pur*as+ ag5cy exce$s ! annual repaym5t am\nt describ$ 9 p>agraph 7#a72 or 7iv7 ! am\nt ( ! pur*ase transf] is r$uc$ "u section #e7;g74 7c7 ,repaym5t p]iod ,! p]iod ov] :i* a pur*as+ ag5cy %all repay to ! ,fund ! am\nt describ$ 9 subsection 7b7 %all be-- 7#a7 su* p]iod z may be agre$ to by ! pur*as+ ag5cy & ! ,adm9i/rator2 b 7#b7 n long] ?an #ae ye>s1 beg9n+ 9 ! fiscal ye> = :i* ! fir/ repaym5t am\nt is appropriat$ to ! pur*as+ ag5cy pursuant to subsection 7e77#a74 7d7 ,frequ5cy ,repaym5ts %all be made "u ?is section n less frequ5tly ?an annually dur+ ! p]iod describ$ 9 subsection 7c74 7e7 ,au?orization ( appropriations 7#a7 ,9 g5]al ,!re are au?oriz$ to be appropriat$ to ea* pur*as+ ag5cy su* sums z are necess>y = ! repaym5ts ow$ by ! pur*as+ ag5cy to ! ,fund "u ?is section = ea* fiscal ye> dur+ ! p]iod-- 7,a7 beg9n+ 9 ! fir/ fiscal ye> dur+ :i* am\nts are transf]r$ f ! ,fund to ! pur*as+ ag5cy "u section #e7;c77#c72 & 7,b7 end+ on ! la/ day ( ! repaym5t p]iod det]m9$ = ! pur*as+ ag5cy "u subsection 7c74 7#b7 ,treatm5t ,! receipt by a pur*as+ ag5cy ( am\nts made available pursuant to p>agraph 7#a7 = a fiscal ye> %all be consid]$ to be a legal obligation ( ! pur*as+ ag5cy dur+ t fiscal ye> to make a repaym5t to ! ,fund 9 accordance ) ?is section4 #g4 ,treatm5t ( eligible ag5cy projects & ,f$]al facilities 7a7 ,disposition 7#a7 ,9 g5]al ,disposition ( an eligible ag5cy project & any ,f$]al facility t is ! subject ( an eligible ag5cy project %all be c>ri$ out 9 accordance )-- 7,a7 applicable laws 7includ+ regulations72 & 7,b7 ?is subsection4 7#b7 ,out/&+ repaym5t obligations ,if ! disposition ( an eligible ag5cy project or ,f$]al facility describ$ 9 p>agraph 7#a7 occurs be=e ! applicable pur*as+ ag5cy has complet$ ! obligation ( ! pur*as+ ag5cy to make any repaym5t to ! ,fund "u section #f1 ! pur*as+ ag5cy %all cont9ue to make ! requir$ repaym5ts until ! date on :i* ! ,fund is fully repaid1 subject to ! availability ( appropriations4 7#c7 ,use ( proce$s 7,a7 ,9 g5]al ,if ! disposition ( an eligible ag5cy project or ,f$]al facility describ$ 9 p>agraph 7#a7 results 9 ! receipt ( sale proce$s1 ^? proce$s %all be available-- 7i7 initially1 to ! applicable pur*as+ ag5cy to pay any rema9+ unpaid repaym5ts ow$ by ! pur*as+ ag5cy to ! ,fund2 & 7ii7 !reaft]1 = ! purpose ( support+ au?oriz$ real prop]ty activities 7exclud+ op]ations & ma9t5ance7-- 7,i7 to ! applicable pur*as+ ag5cy1 9 ! case ( a pur*as+ ag5cy t is an unaffect$ ag5cy 7z def9$ 9 section #e7;a772 or 7,,ii7 to ! ,adm9i/rator1 9 ! case ( an asset held 9 ! inv5tory ( ! ,g5]al ,s]vices ,adm9i/ration "u subsection 7c74 7,b7 ,availability ,any proce$s f a sale "u subp>agraph 7,a7-- 7i7 %all be available until exp5d$1 )\t fur!r appropriation2 & 7ii7 may be deposit$ 9 any acc\nt ( ! applicable pur*as+ ag5cy or ! ,g5]al ,s]vices ,adm9i/ration1 z applicable1 t is available = ! purposes describ$ 9 clauses 7i7 & 7ii7 ( subp>agraph 7,a74 7b7 ,*anges 9 ne$ or condition ,a *ange 9 ! mission ne$ ( a pur*as+ ag5cy = an eligible ag5cy project or ,f$]al facility t is ! subject ( an eligible ag5cy project1 & any *ange 9 ! condition ( su* an eligible ag5cy project or ,f$]al facility1 %all n affect any applicable repaym5t obligation relat+ to ! eligible ag5cy project "u section #f4 7c7 ,hold+ 9 ,adm9i/ration inv5tory 7#a7 ,def9itions ,9 ?is subsection3 7,a7 ,adm9i/ration ,! t]m ,adm9i/ration means ! ,g5]al ,s]vices ,adm9i/ration4 7,b7 ,cov]$ prop]ty ,! t]m cov]$ prop]ty means any asset acquir$ ?r\gh ! ,adm9i/ration by a pur*as+ ag5cy us+ a pur*ase transf]4 7#b7 ,inclusion 9 inv5tory ,on acquisition by a ,,gsa-affect$ ag5cy ( any cov]$ prop]ty1 ! cov]$ prop]ty %all be-- 7,a7 plac$ 9 ! inv5tory ( ! ,adm9i/ration2 & 7,b7 consid]$ to be "u ! cu/ody & control ( ! ,adm9i/rator1 subject to ! requirem5ts ( ?is subsection4 7#c7 ,paym5t to ,adm9i/rator 7,a7 ,9 g5]al ,on receipt by a ,,gsa-affect$ ag5cy ( am\nts pursuant to a pur*ase transf] = ! acquisition ( any cov]$ prop]ty1 ! ,,gsa-affect$ ag5cy-- 7i7 except z provid$ 9 clause 7ii71 %all transf] ! pur*ase transf] am\nt to ! ,adm9i/rator = deposit 9 ! ,f$]al ,build+s ,fund "u section #eib ( title #dj1 ,unit$ ,/ates ,code2 b 7ii7 may reta9 su* portion ( ! pur*ase transf] am\nt z is necess>y = acquisition by ! ,,gsa-affect$ ag5cy ( associat$ furniture1 fixtures1 & equipm5t necess>y to furni% ! ,f$]al facility = initial occupancy 9 accordance ) subp>agraph 7,b74 7,b7 ,use ,! ,adm9i/rator or a ,,gsa-affect$ ag5cy %all use ! am\nts transf]r$ "u subp>agraph 7,a77i7 or reta9$ "u subp>agraph 7,a77ii71 respectively1 only to pay ! co/s ( ! eligible ag5cy project associat$ ) ! cov]$ prop]ty4 7,c7 ,prohibition on fees ,! ,adm9i/rator may n *>ge any fee = ! execution ( an eligible ag5cy project on cov]$ prop]ty pursuant to subp>agraph 7,b71 o!r ?an ! #a-"t adm9i/rative fee describ$ 9 section #e7;h74 7#d7 ,occupancy agreem5t ,! ,adm9i/rator & ! head ( ! applicable ,,gsa-affect$ ag5cy %all ent] into an occupancy agreem5t ) respect to any cov]$ prop]ty acquir$ by ! ,,gsa-affect$ ag5cy t-- 7,a7 recognizes ! inve/m5t ( ! ,,gsa-affect$ ag5cy 9 ! cov]$ prop]ty & ! associat$ eligible ag5cy project by provid+ = %ell r5t abatem5t1 9 accordance ) p>agraph 7#e72 & 7,b7 e/abli%es t ! pur*as+ ag5cy %all cont9ue to be responsible = mak+ annual repaym5ts to ! ,fund 9 accordance ) section #f ) respect to ! cov]$ prop]ty4 7#e7 ,%ell r5t abatem5t ,! %ell r5t abatem5t provisions "u p>agraph 7#d77;,a7 relat+ to an occupancy agreem5t ) respect to cov]$ prop]ty %all include requirem5ts t r5tal paym5ts %all-- 7,a7 be made by ! ,,gsa-affect$ ag5cy to ! ,adm9i/ration imm$iately on occupancy ( ! cov]$ prop]ty by ! ,,gsa-affect$ ag5cy2 7,b7 = ! #e-ye> p]iod beg9n+ on ! initial date ( occupancy ( ! cov]$ prop]ty by ! ,,gsa-affect$ ag5cy1 be 9 an am\nt equal to ! op]at+ co/s dur+ ! r5tal paym5t p]iod ( ! ,,gsa-affect$ ag5cy relat+ to ! cov]$ prop]ty2 & 7,c7 effective dur+ ! p]iod beg9n+ on ! date imm$iately aft] ! p]iod describ$ 9 subp>agraph 7,b7 & end+ on ! date t is #be ye>s aft] ! initial date ( occupancy ( ! cov]$ prop]ty by ! ,,gsa-affect$ ag5cy1 be 9 an am\nt equal to ! sum (-- 7i7 ! op]at+ co/s dur+ ! r5tal paym5t p]iod ( ! ,,gsa-affect$ ag5cy relat+ to ! cov]$ prop]ty2 & 7ii7 su* r$uc$ %ell r5tal rate z ! ,,gsa-affect$ ag5cy & ! ,adm9i/rator may negotiate1 subject to ! requirem5t t ! cumulative diff]5ce betwe5 ! apprais$ m>ket r5t rate ( ! cov]$ prop]ty & ! r$uc$ %ell r5tal rate %all be equal to n m ?an ! am\nt ( ! applicable pur*ase transf]4 #h4 ,budget en=cem5t ,= purposes ( budget en=cem5t "u ! ,congressional ,budget & ,imp\ndm5t ,control ,act ( #aigd 7#b ,u4,s4,c4 #fba et seq471 ! ,balanc$ ,budget & ,em]g5cy ,deficit ,control ,act ( #aihe 7#b ,u4,s4,c4 #ijj et seq471 & ! ,/atutory ,pay-,z-,y-,g ,act ( #bjaj 7#b ,u4,s4,c4 #ica et seq47 relat+ to ?is ,act1 ! foll[+ %all apply3 7#a7 ,direct sp5d+ ,any provision 9 an appropriations ,act approv+ a pur*ase transf] f ! ,fund to a pur*as+ ag5cy1 & collection by ! ,fund ( repaym5ts f ! pur*as+ ag5cy-- 7,a7 %all be classifi$ z direct sp5d+ 7z def9$ 9 section #bej7;c7 ( ! ,balanc$ ,budget & ,em]g5cy ,deficit ,control ,act ( #aihe 7#b ,u4,s4,c4 #ijj7;c7772 & 7,b7 %all n be includ$ 9 ! e/imates "u section #bea7;a77#g7 ( ! ,balanc$ ,budget & ,em]g5cy ,deficit ,control ,act ( #aihe 7#b ,u4,s4,c4 #ija7;a77#g77 or consid]$ budget>y effects = ! purposes ( section #c7d7 ( ! ,/atutory ,pay-,z-,y-,g ,act ( #bjaj 7#b ,u4,s4,c4 #icb7d774 7#b7 ,discretion>y appropriations ,a provision provid+ appropriations to a pur*as+ ag5cy = annual repaym5ts to ! ,fund %all be-- 7,a7 classifi$ z discretion>y appropriations2 & 7,b7 scor$ 9 ! fiscal ye> = :i* su* appropriations are made available by an appropriations ,act4 7#c7 ,*anges to ,fund balance 7,a7 ,def9ition ,9 ?is p>agraph1 ! t]m provision *ang+ ! ,fund balance means a provision 9 an appropriations ,act t-- 7i7 resc9ds or precludes f obligation balances 9 ! ,fund2 7ii7 resc9ds or precludes f obligation balances ( approv$ pur*ase transf]s2 or 7iii7 r$uces ! annual limitation on total pur*ase transf]s "u section #e7;f77#b74 7,b7 ,effects ,a provision *ang+ ! ,fund balance-- 7i7 %all be consid]$ budget>y effects = purposes ( ! ,/atutory ,pay-,z-,y-,g ,act ( #bjaj 7#b ,u4,s4,c4 #ica et seq471 & su* budget>y effects %all be plac$ on ! scorec>ds ma9ta9$ pursuant to section #d7;d7 ( t ,act 7#b ,u4,s4,c4 #icc7;d77 & ! scorec>ds ma9ta9$ = purposes ( section #dajf ( ,h4 ,con4 ,res4 #ga 7#aae? ,congress72 & 7ii7 %all n be includ$ 9 ! e/imates "u section #bea7;a77#g7 ( ! ,balanc$ ,budget & ,em]g5cy ,deficit ,control ,act ( #aihe 7#b ,u4,s4,c4 #ija7;a77#g774 7#d7 ,failure to appropriate repaym5ts 7,a7 ,def9ition ,9 ?is p>agraph1 ! t]m failure to appropriate a repaym5t means t-- 7i7 an appropriations ,act = a fiscal ye> provides a fir/ repaym5t am\nt = an eligible ag5cy project2 & 7ii7 = a subsequ5t fiscal ye> dur+ ! repaym5t p]iod1 no appropriations ,act provides an appropriation = ! repaym5t am\nt requir$ = t fiscal ye>4 7,b7 ,effects ,if !re is a failure to appropriate a repaym5t1 an am\nt equal to ! requir$ repaym5t = ! applicable fiscal ye>1 calculat$ pursuant to section #f7;b71 %all be includ$ 9 ! e/imates "u section #bea7;a77#g7 ( ! ,balanc$ ,budget & ,em]g5cy ,deficit ,control ,act ( #aihe 7#b ,u4,s4,c4 #ija7;a77#g774 7#e7 ,transf]s & reprogramm+ 7,a7 ,def9ition ,9 ?is p>agraph1 ! t]m transf] or reprogramm+ provision means a provision 9 an appropriations ,act t1 not)/&+ subp>agraphs 7,b7 & 7,c7 ( section #e7;e77#a71 au?orizes or requires-- 7i7 a transf] ( am\nts 9 ! ,fund = any purpose o!r ?an to cov] ! co/s ( eligible ag5cy projects2 or 7ii7 a pur*as+ ag5cy to transf] or reprogram a pur*ase transf] = a purpose o!r ?an pay+ ! co/s ( an eligible ag5cy project4 7,b7 ,effects ,! am\nt transf]r$ or reprogramm$ "u a transf] or reprogramm+ provision %all be includ$ 9 ! e/imates ( discretion>y appropriations "u section #bea7;a77#g7 ( ! ,balanc$ ,budget & ,em]g5cy ,deficit ,control ,act ( #aihe 7#b ,u4,s4,c4 #ija7;a77#g774 #i4 ,seque/ration ,section #bee7;g77#a77;,a7 ( ! ,balanc$ ,budget & ,em]g5cy ,deficit ,control ,act ( #aihe 7#b ,u4,s4,c4 #ije7;g77#a77;,a77 is am5d$ by ins]t+ aft] ! item relat+ to ,f>m ,cr$it ,sy/em ,insurance ,corporation1 ,f>m ,cr$it ,insurance ,fund ! foll[+3 ,f$]al ,capital ,revolv+ ,fund 7#dg-dfad-j-d-hjd74 4 #aj4 ,adm9i/rative provisions 7a7 ,treatm5t z exp5diture transf]s ,! foll[+ %all be consid]$ to be1 & %all be record$ z1 exp5diture transf]s3 7#a7 ,ea* pur*ase transf]4 7#b7 ,ea* paym5t ( an adm9i/rative fee "u section #e7;h74 7#c7 ,ea* transf] ( repaym5t am\nts to ! ,fund "u section #f4 7b7 ,effect ( ,act ,no?+ 9 ?is ,act-- 7#a7 provides any new real prop]ty l&hold+ or l& manag+ au?ority to a pur*as+ ag5cy2 7#b7 o!rwise affects any exi/+ real prop]ty l&hold+ or l& manag+ au?ority ( an ag5cy1 z 9 effect on ! date ( enactm5t ( ?is ,act2 or 7#c7 p]mits ! ,presid5t1 ! ,adm9i/rator1 or ! head ( any o!r ag5cy to transf]1 reprogram1 or o!rwise use any am\nts 9 ! ,fund abs5t specific language enact$ by ,congress au?oriz+ su* an action4