1. Short title This Act may be cited as the Saving Money and Accelerating Repairs Through Leasing Act or the SMART Leasing Act . 2. Enhanced use lease pilot program (a) Definitions In this section: (1) Administrator The term Administrator means the Administrator of General Services. (2) Pilot program The term pilot program means the enhanced use lease pilot program established under subsection (b). (3) Relevant congressional committees The term relevant congressional committees means— (A) the Committee on Homeland Security and Governmental Affairs of the Senate; (B) the Committee on Environment and Public Works of the Senate; (C) the Committee on Oversight and Accountability of the House of Representatives; and (D) the Committee on Transportation and Infrastructure of the House of Representatives. (b) Establishment The Administrator may establish an enhanced use lease pilot program under which the Administrator may authorize Federal agencies to enter into a lease with any person or entity (including another department or agency of the Federal Government or an entity of a State or local government) with regard to any underutilized nonexcess real property and related personal property under the jurisdiction of the Administrator. (c) Monetary consideration (1) Fair market value A person or entity entering into a lease under the pilot program shall provide monetary consideration for the lease at fair market value, as determined by the Administrator. (2) Utilization (A) In general The Administrator may use monetary consideration received under this subsection for a lease entered into under the pilot program to cover the full costs to the Administration in connection with the lease. (B) Capital revitalization and improvements Any amounts of monetary consideration received under this subsection that are not used in accordance with subparagraph (A) shall— (i) be deposited in a working capital account to be established by the Federal agency engaged in the lease of the property