Which statement is NOT accurate about the sale or out-lease of DoD land?

Study for the Certified Defense Financial Manager (CDFM) Exam 1. Engage with flashcards and multiple choice questions, with hints and explanations for each query. Prepare confidently for your exam!

Multiple Choice

Which statement is NOT accurate about the sale or out-lease of DoD land?

Explanation:
Proceeds from sale or out-lease of DoD land are not kept entirely in the central fund; part of the money is allocated for local installation needs. In practice, installation-level authorities can use a portion of the proceeds to address local requirements, improvements, or other installation needs, while the remainder goes to DoD accounts for broader purposes. BRAC land disposal follows the same principle: it can be sold, and the proceeds support both local installation needs and DoD-wide priorities, rather than being funneled exclusively to a central fund. Because of this split between local use and central funding, the statement that proceeds go entirely to the DoD central fund is not accurate.

Proceeds from sale or out-lease of DoD land are not kept entirely in the central fund; part of the money is allocated for local installation needs. In practice, installation-level authorities can use a portion of the proceeds to address local requirements, improvements, or other installation needs, while the remainder goes to DoD accounts for broader purposes. BRAC land disposal follows the same principle: it can be sold, and the proceeds support both local installation needs and DoD-wide priorities, rather than being funneled exclusively to a central fund. Because of this split between local use and central funding, the statement that proceeds go entirely to the DoD central fund is not accurate.

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