President Franklin D. Roosevelt`s economic adviser, Bernard Baruch, initially recommended that the United States get rid of the surpluses of war through an agency run by a single administrator (and supported by a political body) and a general legal authority.  By executive order, Roosevelt founded the Surplus War Property Administration and appointed him civil servant and former Texas cotton broker William L. Clayton.  However, in the legislation, Congress rejected this approach and introduced a three-member board of directors with considerably limited authority.  President Roosevelt signed the law “with great restraint” because of the risk that “confused methods of disposition and sophisticated restrictions imposed by law” “clearly delay the tipping and re-employment rather than accelerate it.”   The Board of Directors was also placed under the Office of War Mobilization and Reconversion.  The objectives of the Surplus Assets Act were not limited to the allocation of surplus assets; These include the restoration of an independent business, the strengthening of the competitive position of new and small entrepreneurs and family farmers, and the widespread use of public property.  The federal government may transfer surplus real estate and private property for airport purposes to legitimate airport sponsors. These include military bases closed under the Base Realignment and Closure Act (BRAC). The Surplus Property Board (SPB) was short-term responsible for the elimination of $90 billion of surplus war assets held by the U.S. government in the final year of World War II.
 Created by the Surplus Property Act of 1944, the Board of Directors exercised for less than nine months before being replaced by a thinner agency. Accommodation is usually transferred free of charge when used for airport purposes. This may include non-aeronautical closures that generate revenue for the operation, maintenance and development of the airport. Overview of what MBA is What is MBA? The 1947 Military Agreement (MBA) is a joint agreement between the Philippines and the United States, signed on March 16, 1947. This treaty formally allowed the United States to establish, maintain and operate air and naval bases in the country. Years of rationing in the war had created accumulated demand for many types of assets that the government had accumulated.  This demand has been exacerbated by the return of millions of veterans to civilian life.