Federal Energy Management Improvement Act of 1988

Federal Energy Management Improvement Act - Amends the National Energy Conservation Policy Act to revise the policies governing Federal energy management.

Requires agencies to improve construction designs for Federal buildings so that the energy consumption per gross square foot in use during FY 1995 is at least ten percent less than that of FY 1985. Sets forth implementation steps to meet such goal.

Redescribes procedures involved in the establishment and use of life cycle cost methods for Federal buildings.

Requires the establishment by each agency of an incentives program using internal resources to encourage energy conservation and efficiency by allowing the retention of a portion of the dollar savings resulting from the agency's energy conservation measures.

Directs the Secretary of Energy to establish an Interagency Energy Management Task Force to coordinate Federal energy savings and disseminate information on energy efficiency.

Requires each agency to report annually to the Secretary regarding its energy conservation activities and related contracts. Requires the Secretary to report annually to the Congress regarding energy conservation progress and contracts relating to Federal buildings.

Requires the Secretary, during FY 1989 and 1990, to implement an energy survey to: (1) determine the potential maximum cost effective energy peak demand savings achievable in a limited representative sample of federally-owned or leased buildings; and (2) recommend cost effective energy efficiency and renewable energy improvements in such buildings. Prescribes implementation procedures and a deadline by which the Secretary must report to the Congress and the affected agencies regarding the survey findings and conclusions. Authorizes appropriations.