42 U.S.C. § 1546 — Payment of annual sums to local authorities in lieu of taxes
submitted 86 years ago by ch. 862 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 126 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
The Secretary* of Housing and Urban Development shall pay from rentals annual sums in lieu of taxes to any State and/or political subdivision thereof, with respect to any real property acquired and held by him under subchapters II to VII of this chapter, including improvements thereon. The amount so paid for any year upon such property shall approximate the taxes which would be paid to the State and/or subdivision, as the case may be, upon such property if it were not exempt from taxation, with such allowance as may be considered by him to be appropriate for expenditure by the Government for streets, utilities, or other public services to serve such property. As used in this section the term “State” shall include the District of Columbia.
Source credit: (Oct. 14, 1940, ch. 862, title III, § 306, formerly § 9, 54 Stat. 1127; renumbered title III, § 306, and amended June 28, 1941, ch. 260, § 4(b), 55 Stat. 363; Jan. 21, 1942, ch. 14, § 8, 56 Stat. 12; Ex. Ord. No. 9070, § 1, eff. Feb. 24, 1942, 7 F.R. 1529; Apr. 10, 1942, ch. 239, § 3(a), 56 Stat. 212; Apr. 20, 1950, ch. 94, title II, § 204, 64 Stat. 73; Pub. L. 89–174, § 5(a), Sept. 9, 1965, 79 Stat. 669.)
- 1940Enacted · Act of Oct. 14, 1940, ch. 862 · 54 Stat. 1127
- 1941Amended · Act of June 28, 1941, ch. 260 · 55 Stat. 363
- 1942Amended · Act of Jan. 21, 1942, ch. 14 · 56 Stat. 12
- 1942Amended · Act of Apr. 10, 1942, ch. 239 · 56 Stat. 212
- 1950Amended · Act of Apr. 20, 1950, ch. 94 · 64 Stat. 73
- 1965Amended · Pub. L. 89-174 · 79 Stat. 669
A history note hasn’t been published yet. The record shows enactment by ch. 862 on 1940-10-14.
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