Increase in the Max. $ Limitations on Reimbursement for Allowable Real Estate Expenses

To: "AO - All Administrative Officers"<distribution>
cc: "Lois A Dabaie, Secretary, Reston, VA" <ladabaie>
Subject: Increase on Reimbursement for Real Estate Expenses
Date: Mon, 20 Nov 1995 11:23:46 -0500
From: "Lois A Dabaie, Secretary, Reston, VA" <ladabaie>

The following memorandum was sent from the Acting Chief, Office of
Financial Management:


In Reply Refer To:
Mail Stop 270

                               MEMORANDUM

                                               November 2, 1995

To:       Division Administrative Officers

From:     Timothy E. Calkins
          Acting Chief, Office of Financial Management

Subject:  Increase in the Maximum Dollar Limitations on Reimbursement
          for Allowable Real Estate Expenses

This memorandum is to advise you of new limits on maximum reimbursement
of real estate expenses.  This amendment to the Federal Travel Regulations
is based upon GSA's annual review of the Consumer Price Index housing
component.

The FY 1996 amendment increases the maximum dollar limitation for
reimbursement of allowable real estate expenses incident to a change
of official station.  The total that may be reimbursed in connection 
with the sale shall not exceed 10 percent of the actual sale price 
or $22,398, whichever is the lesser amount.  The total that may be
reimbursed in connection with the purchase shall not exceed 5 percent
of the purchase price or $11,198, whichever is the lesser amount.

The maximum dollar limitations stated in this rule are effective for
employees whose effective date of transfer is on or after October 1, 1995.
The effective date of transfer is the date on which the employee reports
for duty at the new duty station.

If you have any questions on this matter, please call Carolyn Lee on
(703) 648-7679.