Duties of executive agencies

Each executive agency shall— submit to the Federal Real Property Council an annual report on all excess property that is real property and underutilized property in the inventory of the executive agency, including— on an annual basis and subject to the guidance of the Federal Real Property Council— make an assessment of each property, which shall include— in accordance with guidance from the Administrator of General Services— on an annual basis, conduct an inventory and assessment of capitalized personal property to identify excess capitalized personal property under its control, including evaluating— on a regular basis, conduct an inventory and assessment of accountable personal property under its control, including evaluating— Each executive agency, as far as practicable, shall—