Jerry Moran: “I rise in strong opposition to this amendment that would eliminate funding for the Presidio Trust. The Presidio was in…”

“I rise in strong opposition to this amendment that would eliminate funding for the Presidio Trust. The Presidio was in continuous use as a military post from 1776 until 1994. An Army installation, the post was closed in 1994 as part of the BRAC process and transferred to the National Park Service. In 1996, Congress established the Presidio Trust to govern this unique national park site and to ensure its preservation by making it financially self-sustaining. And that's exactly what has happened. Over the past 12 years, appropriations as a percentage of the overall trust budget have been reduced from over 95 percent Federal funding in fiscal year 1998 to less than 20 percent in fiscal year 2010. The current ratio of private investment in the Presidio to Federal appropriations is already greater than 4:1. Appropriations, though, are authorized through fiscal year 2012. That was the deal. After 2012, the trust itself, by itself, alone, is responsible for long-term operations and maintenance of the Presidio. Since it took over management of the Presidio in 1998, the trust has rehabilitated and leased 97 percent of the Presidio's housing units and rehabilitated 75 percent of the Presidio's 433 very historic buildings. I've been there. I've seen it. It's phenomenal what the trust has accomplished. Eliminating funds just 1 year short of its goal violates the spirit of the 1996 law, and it undermines the trust's ability to achieve self-sufficiency.”