42 U.S.C. § 2342 — Disposal of property
submitted 71 years ago by ch. 543 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 246 words · no verdicts yet
The Commission must offer specified real property in the community for disposal, subject to three exceptions. It may also dispose of other community real property, and must protect existing lease and covenant rights.
(a) The Commission* must offer for disposal all real property in the community* that is under a lease or license with the Commission or its community-management contractor for residential, commercial, industrial, agricultural, church, or other nonprofit use, or that the Commission thinks suitable for those uses. This includes suitable improvements, fixtures, equipment, and related personal property. The offer does not include: (1) structures the Commission thinks should be removed because of their construction, condition, or location; (2) property the Commission thinks should be transferred under subchapter VI or VII; or (3) property the Commission thinks it should keep for its own use.
(b) The Commission may, but does not have to, dispose of any other real property at the community, whether inside or outside the community.
(c) The Commission must dispose of the property on terms and conditions consistent with this subchapter that it prescribes in the national interest. It must disregard all preferences and priorities except those provided by this chapter. A transfer may not impair rights under existing leases and covenants, including purchase rights they grant.
The Commission* shall offer for disposal all real property (including such improvements thereon and such fixtures, equipment, and other personal property incident thereto as it may deem appropriate) within the community* which is presently under lease or license agreement with the Commission or its community management contractor for residential, commercial or industrial, agricultural, church or other nonprofit use, or which, in the opinion of the Commission, is appropriate for such use, other than—
structures which in the opinion of the Commission should be removed from the community because of their unsatisfactory type of construction, condition, or location; or
property which in the opinion of the Commission should be transferred pursuant to subchapters VI or VII; or
property which in the opinion of the Commission should be retained by the Commission for its own use.
The Commission may, but shall not be required to, dispose of any other real property at the community, whether within or outside of that community.
Such property shall be disposed of on such terms and conditions, consistent with this subchapter, as the Commission shall prescribe in the national interest, and without regard to any preferences or priorities whatever except those provided for pursuant to this chapter. Transfers by the Commission of such property shall not impair rights under existing leases and covenants, including any purchase rights therein conferred.
Source credit: (Aug. 4, 1955, ch. 543, ch. 5, § 52, 69 Stat. 476; Pub. L. 87–719, § 9, Sept. 28, 1962, 76 Stat. 665.)
- 1955Enacted · Act of Aug. 4, 1955, ch. 543 · 69 Stat. 476
- 1962Amended · Pub. L. 87-719 · 76 Stat. 665
A history note hasn’t been published yet. The record shows enactment by ch. 543 on 1955-08-04.
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