Limitation on use of funds for facilities and property of Office of the Director of National Intelligence

(a) In general Title III of the National Security Act of 1947 (50 U.S.C. 3071 et seq.), as amended by section 11, is further amended by adding at the end the following: 315. Limitation on use of funds for facilities and property of Office of the Director of National Intelligence (a) Limitation Except as provided in subsection (b), no amount appropriated or otherwise made available for the intelligence community may be used for any facility or property used, owned, leased, or operated by the Office of the Director of National Intelligence, or otherwise functioning for the benefit of the Office, that the Director of the Office of Management and Budget determines is not necessary to carry out this Act. (b) Exception The limitation set forth in subsection (a) shall not apply to activities in furtherance of sales and divestment under subsection (c). (c) Sales and divestment In any case in which a facility used, owned, leased, or operated by the Office of National Intelligence that the Director of the Office of Management and Budget determines is not necessary to carry out this Act, the Director of National Intelligence shall— (1) sell the facility at a price that is not less than the fair market value for the facility, as determined by the Director of the Office of Management and Budget; or (2) otherwise divest itself of the facility in a manner approved by the Director of Management and Budget.. (b) Application to National Intelligence University Section 315(a) of such Act, as added by subsection (a) shall apply to facilities and property used, owned, leased, or operated by the National Intelligence University. (c) Clerical amendment The table of contents for such Act in the matter preceding section 2 of such Act is further amended by inserting after the item relating to section 314 the following: Sec. 315. Limitation on use of funds for facilities and property of Office of the Director of National Intelligence.. (d) Effective date The amendments made by this section shall take effect on the date that is 1 year after the date of the enactment of this Act.