REPORT ON HOUSING PRIVATIZATION INITIATIVES.

SEC. 2810. REPORT ON HOUSING PRIVATIZATION INITIATIVES.(a) Report Required.—Not later than March 31, 2008, the Comptroller General shall submit to the Committees on Armed Services of the Senate and the House of Representatives a report containing—(1) a list of all housing privatization transactions carried out by the Department of Defense that, as of such date, are behind schedule or in default; and(2) recommendations regarding the opportunities for the Federal Government to ensure that all terms of each housing privatization transaction are completed according to the original schedule and budget.(b) Specific Information Regarding Each Transaction.—For each housing privatization transaction included in the report required by subsection (a), the report shall provide a description of the following:(1) The reasons for schedule delays, cost overruns, or default.(2) How solicitations and competitions were conducted for the project.122 STAT. 543(3) How financing, partnerships, legal arrangements, leases, or contracts in relation to the project were structured.(4) Which entities, including Federal entities, are bearing financial risk for the project, and to what extent.(5) The remedies available to the Federal Government to restore the transaction to schedule or ensure completion of the terms of the transaction in question at the earliest possible time.(6) The extent to which the Federal Government has the ability to affect the performance of various parties involved in the project.(7) The remedies available to subcontractors to recoup liens in the case of default, non-payment by the developer or other party to the transaction or lease agreement, or re-structuring.(8) The remedies available to the Federal Government to affect receivership actions or transfer of ownership of the project.(9) The names of the developers for the project and any history of previous defaults or bankruptcies by these developers or their affiliates.(c) Housing Privatization Transaction Defined.—In this section, the term “housing privatization transaction” means any contract or other transaction for the construction or acquisition of military family housing or military unaccompanied housing entered into under the authority of subchapter IV of chapter 169 of title 10, United States Code.