7 U.S.C. § 1012 — Payments to counties

submitted 89 years ago by ch. 517 to r/title-7-AGRICULTURE · 113 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Secretary must pay counties 25 percent of net yearly revenue from land held under this subchapter, for schools or roads. Sale proceeds are excluded.

As soon as practical after each calendar year ends, the Secretary must pay the county where land is held under this subchapter 25 percent of the net revenue received from using the land during that year. If the land is in more than one county, the payment must be divided fairly among the counties. The payments must be used for schools, roads, or both. This section does not apply to money received from selling land.

the actual law source: uscode.house.gov ↗public domain

As soon as practicable after the end of each calendar year, the Secretary shall pay to the county in which any land is held by the Secretary under this subchapter, 25 per centum of the net revenues received by the Secretary from the use of the land during such year. In case the land is situated in more than one county, the amount to be paid shall be divided equitably among the respective counties. Payments to counties under this section shall be made on the condition that they are used for school or road purposes, or both. This section shall not be construed to apply to amounts received from the sale of land.

Source credit: (July 22, 1937, ch. 517, title III, § 33, 50 Stat. 526.)

history & why it existsrecord from the source credit

1937Enacted · Act of July 22, 1937, ch. 517 · 50 Stat. 526

A history note hasn’t been published yet. The record shows enactment by ch. 517 on 1937-07-22.

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