The Bureau of Land Management (BLM) is releasing a manual section to establish policy for the management of real property. The objectives of the BLM real property management program are to establish and promote management and accountability for assets through sound property and accounting principles and policies. The manual section outlines the responsibilities of various positions within the BLM, including the Director, Deputy Director, Assistant Director, and local real property managers. The document also provides guidance on real property accountability, acquisition, and disposal.
Some key points to consider:
• The BLM is responsible for managing real property, including land and improvements.
• The manual section establishes a capitalization threshold of $100,000 per item.
• Accountable Officers are responsible for ensuring accountability of real property under their control.
• The BLM will perform annual inventories to physically verify the presence and condition of all capitalized real property.
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