PM 13,001 has been updated to require that all real property, including real property (land and buildings) with a cost under $100,000, be recorded in SMART. This requirement applies to all agencies that own real property. Regents universities and the Department of Transportation are excluded from this requirement. For those agencies with real property currently in SMART, an email will be sent to your agency CFO along with real property agency records for agency verification and update. All real property (land and buildings), regardless of the cost should be included in SMART. Included in the agency email will also be an attachment “Instructions for Updating Land and Building Records in Response to LPA Audit”. For all agencies with real property, additional information on entering property assets can be reviewed at the following links: Adding an Asset Using Express Add Training Guide and the Property Assets and Related Improvements Training Guide.
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