16 U.S.C. § 459f–9 — Public utility facilities; purchase of facilities without value to utility; amount of payment

submitted 61 years ago by Pub. L. 89-195 to r/title-16-CONSERVATION · 56 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Secretary may buy facilities from a utility company if needed. This applies when the seashore's creation made those facilities useless to the utility. He must pay the original construction cost, minus depreciation.

This section has no lettered subsections. The Secretary of the Interior can buy, from a public utility, any of that utility's facilities that are no longer useful to it because Assateague Island National Seashore was created. He must pay an amount equal to what it cost to build those facilities, minus depreciation.

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

The Secretary of the Interior is authorized to purchase from a public utility any facilities of that utility which are no longer of value to it as a result of the establishment of the Assateague Island National Seashore and shall pay for such facilities an amount equal to the cost of constructing such facilities less depreciation.

Source credit: (Pub. L. 89–195, § 10, Sept. 21, 1965, 79 Stat. 827.)

history & why it existsrecord from the source credit

1965Enacted · Pub. L. 89-195 · 79 Stat. 827

A history note hasn’t been published yet. The record shows enactment by Pub. L. 89-195 on 1965-09-21.

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