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7 U.S.C. § 303Management expenses paid by State

submitted 164 years ago by ch. 130 to r/title-7-AGRICULTURE · 86 words · no verdicts yet

in plain englishAI-generated · not legal advice

States, not the federal government, must pay the costs of managing, overseeing, and taxing certain lands before those lands are sold. States must also pay the costs of managing and distributing the money from those sales. This ensures all the sale proceeds go fully toward purposes named elsewhere in this law.

This section has no lettered subsections. It requires States to cover certain administrative costs out of their own treasuries, not out of the proceeds of land sales. From the date these lands are first selected until they are sold, the States to which the lands belong must pay all expenses of management, superintendence, and taxes. States must also pay all costs of managing and distributing the money that comes in once the land is sold, out of the treasury of the State. The reason for this rule is stated directly: it makes sure the full proceeds from selling the land go, without any reduction, toward the purposes described in sections 304, 305, 307, and 308 of this title.
the actual law source: uscode.house.gov ↗public domain

All the expenses of management, superintendence, and taxes from date of selection of said lands, previous to their sales, and all expenses incurred in the management and disbursement of the moneys which may be received therefrom, shall be paid by the States to which they may belong, out of the treasury of said States, so that the entire proceeds of the sale of said lands shall be applied without any diminution whatever to the purposes in sections 304, 305, 307 and 308 of this title mentioned.

Source credit: (July 2, 1862, ch. 130, § 3, 12 Stat. 504.)

history & why it existsrecord from the source credit
  • 1862Enacted · Act of July 2, 1862, ch. 130 · 12 Stat. 504

A history note hasn’t been published yet. The record shows enactment by ch. 130 on 1862-07-02.

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