Military Base Closures: Observations on Legislative Proposal for No-Cost Transfer of Surplus Property,
Abstract
We are pleased to be here today to discuss a proposal to amend the 1988 and 1990 base closure laws. The proposal would promote economic redevelopment of affected communities by transferring property to them without consideration. Under the proposed legislation, affected communities receiving property under an economic development conveyance (EDC) could receive that property at no cost if certain conditions are met. Currently, EDCs are available at or below fair market value and at no cost for rural communities. The proposal involves a trade-off between recouping the value of surplus property and providing communities opportunities to enhance economic recovery. The trend in recent years regarding BRAC-related properties has been to move toward the latter. Your office asked that we comment on (1) the likelihood that the proposed legislation would expedite the property transfer process and (2) the expected financial consequences to the Department of Defense (DOD).
Document Details
- Document Type
- Technical Report
- Publication Date
- Jul 01, 1999
- Accession Number
- ADA365574
Entities
People
- David R. Warren
Organizations
- United States Government Accountability Office