Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, <<NOTE: Federal Personal Property Management Act of 2018. 40 USC 101 note.>>
This Act may be cited as the ``Federal Personal Property Management Act of 2018''.
(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.''.
Approved January 3, 2019.
LEGISLATIVE HISTORY--S. 3031: ---------------------------------------------------------------------------
SENATE REPORTS: No. 115-343 (Comm. on Homeland Security and Governmental Affairs). CONGRESSIONAL RECORD, Vol. 164 (2018): Dec. 12, considered and passed Senate. Dec. 21, considered and passed House.
<all>