Archives of Directives

Excess Real Property

Real property assets no longer required to support the Department’s needs, present or future missions or functions, or the discharge of its responsibilities. An asset may remain in the Department’s custody and control with residual or incidental use pending final disposition…
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Definition 1

Real property assets no longer required to support the Department’s needs, present or future missions or functions, or the discharge of its responsibilities. An asset may remain in the Department’s custody and control with residual or incidental use pending final disposition between the time of an excess determination and the removal of the asset from the Department’s real property inventory. Excess real property carries a designation of “Yes” in the FIMS Excess Indicator field.

CategoriesAdministration, Finance, Procurement
Term OPIMA - Office of Management
Definition typeDefinition
RelatedSources

Source 1:

DOE O 430.1C Chg 2 (AdminChg), Real Property Asset Management
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