Synopsis As Introduced Amends the State Property Control Act. Provides that the Administrator may deduct (i) 10% from the gross proceeds of any disposal of surplus real property or (ii) the total of the actual administrative services costs incurred in preparing for and carrying out the disposal, whichever is greater, for deposit into the Facilities Management Revolving Fund. Defines "administrative services costs".
House Committee Amendment No. 1 Provides that proceeds, as well as costs, that are deducted must be deposited into the Facilities Management Revolving Fund.