Civilian BRAC Measure Would Cost $200M, CBO Says
Legislation creating a civilian BRAC commission to expedite the disposal of unneeded federal properties would require $198 million in federal appropriations from fiscal 2012-2016, according to a cost estimate released last week by the Congressional Budget Office (CBO).
About $157 million of that spending would be needed to operate the civilian property realignment commission created by the measure, H.R. 1734. About $41 million would be needed to cover the cost of relocating the Federal Trade Commission (FTC) after its Washington headquarters is transferred to the National Gallery of Art. When by the House Transportation and Infrastructure Committee marked up the bill in October, Rep. Jeff Denham (R-Calif.) offered an amendment adding a number of provisions, including transferring the FTC building to the National Gallery.
H.R. 1734 would establish a framework through which an independent commission would review federal properties and make recommendations for consolidations, co-locations, redevelopment, selling or other actions to minimize costs and produce savings for the taxpayer.
CBO also concluded the legislation would result in direct spending savings of $565 million from 2012-2016 as a result of:
- terminating the construction of a new federal courthouse in Los Angeles;
- selling federal land to the National Women’s History Museum;
- selling the Cotton Annex, a federal office building in Washington; and
- selling five, high-value federal properties within one year.
Read the story in the Washington Business Journal.