Text: H.R.4125 — 101st Congress (1989-1990)All Information (Except Text)

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HR 4125 IH
101st CONGRESS
2d Session
 H. R. 4125
To amend chapter 11 of title 31, United States Code, to require that the
annual budget submitted by the President includes a statement of revenues
obtained from the sale, lease, and transfer of Government assets, and for
other purposes.
IN THE HOUSE OF REPRESENTATIVES
February 27, 1990
Mr. SYNAR (for himself and Mr. PANETTA) introduced the following bill;
which was referred to the Committee on Government Operations
A BILL
To amend chapter 11 of title 31, United States Code, to require that the
annual budget submitted by the President includes a statement of revenues
obtained from the sale, lease, and transfer of Government assets, and for
other purposes.
  Be it enacted by the Senate and House of Representatives of the United
  States of America in Congress assembled,
SECTION 1. REVENUES FROM SALE, LEASE, AND TRANSFER OF ASSETS.
  Section 1105(a) of chapter 11 of title 31, United States Code, is amended
  by inserting at the end the following new paragraph:
  `(27) a separate statement of--
  `(A) projected revenues during the fiscal year for which the budget is
  submitted from the anticipated sale, lease, or transfer of any physical
  asset; and
 `(B) the estimated price at which this asset or a comparable asset would
 be sold in an arms length transaction in the private sector;
asset by asset and aggregated by major functional category.'.
SEC. 2. EFFECTIVE DATE.
  The amendment made by section 1 shall become effective for fiscal year 1992
  and shall be fully reflected in the fiscal year 1992 budget submitted by
  the President in January 1991 as required by section 1105(a) of title 31,
  United States Code.