DEVELOPMENT OF ENHANCED-USE LEASE POLICY.

SEC. 1117. DEVELOPMENT OF ENHANCED-USE LEASE POLICY.(a) In General.—The Administrator shall develop an agency-wide enhanced-use lease policy that—(1) is based upon sound business practices and lessons learned from the demonstration centers; and(2) establishes controls and procedures to ensure accountability and protect the interests of the Government.(b) Contents.—The policy required by subsection (a) shall include the following:(1) Criteria for determining whether enhanced-use lease provides better economic value to the Government than other options, such as—(A) Federal financing through appropriations; or(B) sale of the property.(2) Requirement for the identification of proposed physical and procedural changes needed to ensure security and restrict access to specified areas, coordination of proposed changes with 122 STAT. 4814 existing site tenants, and development of estimated costs of such changes.(3) Measures of effectiveness for the enhanced-use lease program.(4) Accounting controls and procedures to ensure accountability, such as an audit trail and documentation to readily support financial transactions.(c) Annual Report.—Section 315(f) of the National Aeronautics and Space Administration Act of 1958 (42 U.S.C. 2459j(f)) is amended to read as follows:“(f) Reporting Requirements.—The Administrator shall submit an annual report by January 31st of each year. Such report shall include the following:“(1) Information that identifies and quantifies the value of the arrangements and expenditures of revenues received under this section. “(2) The availability and use of funds received under this section for the Agency’s operating plan.”.(d) Distribution of Cash Consideration Received.—(1) In general.—Section 315(b)(3)(B) of such Act (42 U.S.C. 2459j(b)(3)(B)) is amended to read as follows:“(B) Of any amounts of cash consideration received under this subsection that are not utilized in accordance with subparagraph (A)—“(i) 35 percent shall be deposited in a capital asset account to be established by the Administrator, shall be available for maintenance, capital revitalization, and improvements of the real property assets and related personal property under the jurisdiction of the Administrator, and shall remain available until expended; and“(ii) the remaining 65 percent shall be available to the respective center or facility of the Administration engaged in the lease of nonexcess real property, and shall remain available until expended for maintenance, capital revitalization, and improvements of the real property assets and related personal property at the respective center or facility subject to the concurrence of the Administrator.”.(2) Conforming amendments.—Section 533 of the Consolidated Appropriations Act, 2008 (Pub1ic Law 110–161; 121 Stat. 1931) is amended—(A) by amending subsection (b)(4) to read as follows:“(4) in paragraph (2), as redesignated by paragraph (3) of this subsection, by adding at the end the following new subparagraph:“ ‘(C) Amounts utilized under subparagraph (B) may not be utilized for daily operating costs.’.”; and(B) in subsection (d)—(i) by striking “the following new subsection (f)” and inserting “the following new subsection”; and(ii) in the quoted matter, by redesignating subsection (f) as subsection (g).122 STAT. 4815