Smart Space Act: Reducing Federal Real Estate Costs Through Private Partnerships.
This Act mandates the General Services Administration (GSA) to find alternative financing methods, primarily public-private partnerships, for constructing and renovating public buildings. The core goal is to significantly reduce federal real estate costs, leading to taxpayer savings. This involves consolidating agencies into efficient spaces and selling off expensive, underutilized properties.
Key points
Mandates the use of public-private partnerships (PPPs) and alternative financing to fund federal building projects, aiming to cut government spending.
Requires federal agencies to consolidate operations and relocate from costly, inefficient spaces to new buildings meeting a minimum 60% utilization rate.
Increases transparency by requiring consultation meetings to be open to the public and making GSA's financing recommendations publicly available online.
Status:
Introduced
Civic Will
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens
(explained here).
Start recording it now.