F--Eastern States ORC Region 2

The Bureau of Land Management (BLM) has released a manual section related to real property management. The purpose of this manual is to establish policy for the management of real property, including land and improvements, and to ensure accountability and proper record-keeping. The manual outlines the responsibilities of various personnel, including the Director, Deputy Director, Assistant Director, and local real property managers. It also discusses the capitalization threshold, annual inventories, and the review of real property business practices. • The manual applies to all BLM real property, including land, buildings, and improvements. • The capitalization threshold is set at $100,000 per item. • Annual inventories will be performed to physically verify the presence and condition of all capitalized real property. • Non-capitalized real property will be inventoried on a cyclical basis, at least once every 5 years. • The manual emphasizes the importance of accountability, proper record-keeping, and sound business decisions in real property management.