Federal Assets Sale and Transfer Act of 2016

[AI summary unavailable — showing source text] Federal Assets Sale and Transfer Act of 2016 This bill establishes the Public Buildings Reform Board to identify opportunities for the federal government to reduce significantly its inventory of civilian real property and reduce its costs. The Board shall terminate six years after enactment of this Act. Each federal agency shall submit to the General Services Administration (GSA) and the Office of Management and Budget (OMB): (1) current data on all federal civilian real properties owned, leased, or controlled by each agency; (2) recommendations on such properties that can be disposed of or outleased or that otherwise no longer meet agency needs or that can be transferred, exchanged, consolidated, co-located, reconfigured, or redeveloped; and (3) recommendations on operational efficiencies that the government can realize in its operation and maintenance of such properties. The OMB shall review agency recommendations, develop standards for reviewing such recommendations, and submit such standards and its recommendations to the Board. The Board shall: (1) identify at least five federal civilian properties not on the list of surplus or excess properties that have a total fair market v…