A bipartisan group of members from the Senate Homeland Security and Governmental Affairs Committee is introducing a bill to incentivize agencies to lease space they don’t need.
The Saving Money and Accelerating Repairs Through (SMART) Leasing Act would create a pilot program that would allow agencies to sublease underutilized real estate to “any person or entity at fair market value,” including another federal, state or local government agency.
The bill allows agencies to use rent payments to help fund capital projects and facilities maintenance.
