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Excerpt from Oversight of Federal Property Management: Hearing Before the Subcommittee on Oversight of Government Management of the Committee on Governmental Affairs, United States Senate, One Hundred Third Congress, First Session, July 27, 1993 We are here today, at the initiative of our ranking Republican member, Senator Cohen, to try to identify and then find ways to curb wasteful practices in how the Federal Government manages its buildings and its real estate. The Government is a huge pres ence in the real estate market - as a builder, an owner, a landlord, a renter, and a manager. The Government owns over buildings, spends tens of billions of dollars each year building new ones, and paid about $2 billion last year in rent. The gao esti mates that the Government could save billions of dollars over the next 30 years by owning office space instead of leasing. Although we should be making decisions about these assets in a cost-effective, businesslike manner, the work of the gao and oth ers who are expert in the real estate field tells us that we are not. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Federal Real Property

United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Government Operations

Published: 2014

Total Pages: 72


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