Economic Revitalization and Federal Excess and Surplus Property Utilization Improvement Act of 1992

[AI summary unavailable — showing source text] Economic Revitalization and Federal Excess and Surplus Property Utilization Improvement Act of 1992 - Title I: Findings and Purposes - Sets forth the purposes of this Act involving the utilization of excess and surplus Government heavy equipment and construction materials infrastructure and development. Title II: Definitions - Sets forth the definitions of terms used in this Act. Title III: Disposal of Defense Articles - Amends the Federal Property and Administrative Services Act of 1949 to require the Secretary of Defense to: (1) evaluate inventories of heavy equipment and construction materials and ensure that those items which are not needed for an identifiable military mission will be classified as excess and disposed of; (2) declare as excess those inventory items which cost over a certain amount to store, maintain, and repair; (3) develop a cost-effective plan for returning excess items to the United States for disposal; (4) report to specified congressional committees on the status of, and disposal plans for, such inventory items; and (5) annually review and evaluate the utilization by recipients of excess nonlethal supplies and excess defense articles pursuant to programs a…