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Brief
The Federal Property Management Improvement Act of 1988 aims to enhance the efficiency and effectiveness of managing and disposing of federal real and personal property. The law introduces changes to existing regulations regarding sales, disposal, and reporting requirements for federal agencies. Specifically, it modifies provisions related to fixed price sales, explanatory statements for significant disposals, and annual reports on surplus property donations. These amendments aim to promote greater transparency, accountability, and responsible management of federal assets.
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