S. 211 would establish a pilot program under which the General Services Administration (GSA) could enter into long-term enhanced-use leases (EULs) for certain underused, nonexcess federal property. The bill also would allow GSA to retain proceeds from each lease to cover the full costs of the lease. Half of any remaining proceeds would be available to use for maintenance and revitalization of the leasing agency’s assets, and the remaining amounts would be deposited into the general fund of the Treasury. S. 211 also would require GSA to submit annual progress reports to the Congress.
