This board was established by the Federal Assets Sale and Transfer Act (FASTA). The Public Buildings Reform Board is mandated to identify opportunities to reduce the federal real property inventory and make recommendations for the sale of at least $8 billion worth of underutilized and vacant federal properties. The FASTA Act became law on Dec 16 2016. Its aim is to decrease the deficit by consolidating and selling Federal buildings and other civilian real property, and for other purposes. (This is the date used below, though the board per se may have been established in earnest later.