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Lessons Learned: Obtaining Value from Federal Asset Sales
Author(s) -
Stanton Thomas H.
Publication year - 2003
Publication title -
public budgeting and finance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.694
H-Index - 30
eISSN - 1540-5850
pISSN - 0275-1100
DOI - 10.1111/1540-5850.2301002
Subject(s) - business , loan , asset (computer security) , finance , government (linguistics) , sales management , corporation , value (mathematics) , asset management , administration (probate law) , service (business) , marketing , computer security , linguistics , philosophy , machine learning , computer science , political science , law
If the government decides to sell assets, how can it obtain full value? Four case studies provide valuable lessons: (1) sale of the Elk Hills oil field by the U.S. Department of Energy, (2) sales of loans and property by the Resolution Trust Corporation (RTC) after the savings and loan debacle, (3) loan asset sales by the Small Business Administration (SBA), and (4) excess property sales by the Defense Reutilization and Management Service (DRMS). The federal government should create an office to assist agencies that seek to develop effective asset sales programs.