H.R. 4688, an act to direct the Administrator of General Services to sell the property known as the Webster School
As reported by the Senate Committee on the Environment and Public Works on May 22, 2024
By Fiscal Year, Millions of Dollars
2024
2024-2029
2024-2034
Direct Spending (Outlays)
0
*
*
Revenues
0
0
0
Increase or Decrease (-) in the Deficit
0
*
*
Spending Subject to Appropriation (Outlays)
0
0
not estimated
Increases net direct spending in any of the four consecutive 10-year periods beginning in 2035?
No
Statutory pay-as-you-go procedures apply?
Yes
Mandate Effects
Increases on-budget deficits in any of the four consecutive 10-year periods beginning in 2035?
No
Contains intergovernmental mandate?
No
Contains private-sector mandate?
No
* = between -$500,000 and zero.
Summary
H.R. 4688 would require the General Services Administration (GSA) to dispose of the Webster School in Washington, D.C., by December 31, 2025. The act would allow GSA to donate the property as a public benefit conveyance or, if that is not feasible, sell the property at fair market value and for its highest and best use. Net proceeds from a sale would be deposited in the Federal Buildings Fund and recorded in the budget as offsetting receipts (that is, as reductions in direct spending).
