Federal Property Low Hanging Fruit Act

[AI summary unavailable — showing source text] Federal Property Low Hanging Fruit Act This bill authorizes the Department of Agriculture, the Department of Energy, and the General Services Administration (covered agencies) to develop and carry out a plan to enter into agreements with eligible entities (defined to include a limited liability company, limited partnership, corporation, business trust, or nonprofit entity) to: (1) lease underutilized or excess federal real properties; and (2) develop, rehabilitate, or renovate facilities on such leased properties for the benefit of such agencies. Each covered agency shall identify between 5 and 10 federal real properties to be offered for lease under such agreements. Each agreement shall: (1) have as its primary purpose the enhancement of the functional and economic efficiency of federal real property; and (2) provide a fair market value lease option to the United States to occupy space in the facilities acquired, constructed, or rehabilitated under the agreement but shall not guarantee occupancy by the United States. A covered agency may: (1) provide services to the eligible entity that is party to the agreement, and (2) retain and use any revenues derived from such agreements for…