10 U.S.C. § 8729 — Re-lease of certain lands: lessee’s preferential right
submitted 70 years ago by ch. 1041 to r/title-10-ARMED-FORCES · 60 words · no verdicts yet
The Secretary may re-lease naval petroleum reserve land whose original 20-year lease, made before July 1936, has legally ended. The Secretary sets the new lease's terms. The former lessee gets first right to the new lease.
The Secretary* may re-lease naval petroleum* reserve land under terms the Secretary sets. This applies to land that was leased before July 1, 1936, and whose lease legally ended at the close of its first twenty-year period. If the Secretary decides to re-lease any such land, the Secretary must give the former lessee a preferential right to get the new lease.
The Secretary*, on terms prescribed by him, may re-lease lands in the naval petroleum reserves* that were covered by leases made before July 1, 1936, and terminated by law at the expiration of their initial twenty-year periods. If any such land is to be re-leased, the Secretary shall give to the former lessee preferential rights to the new lease.
Source credit: (Aug. 10, 1956, ch. 1041, 70A Stat. 460, § 7429; Pub. L. 94–258, title II, § 201(10), Apr. 5, 1976, 90 Stat. 309; renumbered § 8729, Pub. L. 115–232, div. A, title VIII, § 807(d)(5), Aug. 13, 2018, 132 Stat. 1836.)
- 1956Enacted · Act of Aug. 10, 1956, ch. 1041
- 1976Amended · Pub. L. 94-258 · 90 Stat. 309
- 2018Amended · Pub. L. 115-232 · 132 Stat. 1836
A history note hasn’t been published yet. The record shows enactment by ch. 1041 on 1956-08-10.
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