Portfolio Reengineering Demonstration Program Projects

The Demo Program was undertaken as an interim measure until a permanent debt-restructuring program could be adopted. The program was authorized for FY 1996, 1997, and 1998. There are 188 DEMO projects remaining in the program.

Properties participating in the Demo were subject to the rules of the program in force at the time of their entry into the program. When time limits for restructuring activities were not met, properties might:

• Leave the program;

• Receive extension in some circumstances; and/or

• Restructure under the authorization in force when the time limits were reached.

Restructurings were completed under the Demo program through 1999 and into the year 2000.