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16 U.S.C. § 79gContract authorization within prescribed cost limits; installments: duration, interest; provisions for payment of judgments and compromise settlements applicable to judgments against United States

submitted 58 years ago by Pub. L. 90-545 to r/title-16-CONSERVATION · 228 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Secretary can buy park land under the same contract rules the Treasury normally uses for land deals, including paying the price in installments over up to 10 years with interest. Court judgments against the United States for land taken under section 79c, above what was already deposited with the court, get paid the standard way the government pays legal judgments, but only after the Attorney General certifies it's worthwhile.

(a) Despite any other law, the Secretary has the same power to make land-purchase contracts for this park program that the Secretary of the Treasury normally has for other federal land purchases. The Secretary and a landowner can agree that the Secretary will pay the purchase price in periodic installments spread over no more than 10 years, with interest on the unpaid balance. That interest rate cannot be higher than the going market yield on U.S. government bonds with maturities similar to the installment schedule. (b) When a court awards money against the United States — including partial final judgments and settlements of lawsuits the Attorney General is defending — for amounts beyond what the government already deposited with the court in a section 79c case, that money is paid the normal way judgments against the government are paid. Partial final judgments and settlements can only be paid after the Attorney General certifies to the Comptroller General that paying is in the government's interest.
the actual law source: uscode.house.gov ↗public domain
(a)

Notwithstanding any other provision of law, the Secretary shall have the same authority with respect to contracts for the acquisition of land and interests in land for the purposes of this subchapter as was given the Secretary of the Treasury for other land acquisitions by section 3171 of title 40, and the Secretary and the owner of land to be acquired under this subchapter may agree that the purchase price will be paid in periodic installments over a period that does not exceed ten years, with interest on the unpaid balance thereof at a rate which is not in excess of the current average market yield on outstanding marketable obligations of the United States with remaining periods to maturity comparable to the average maturities on the installments.

(b)

Judgments against the United States, including final partial judgments and compromise settlements of claims referred to the Attorney General for defense of suits against the United States, for amounts in excess of the deposit in court in actions under section 79c of this title shall be paid in accordance with the provisions of section 1304 of title 31, and section 2414 of title 28. Final partial judgments and compromise settlements are payable only after certification by the Attorney General to the Comptroller General that it is in the interest of the United States to do so.

Source credit: (Pub. L. 90–545, § 7, Oct. 2, 1968, 82 Stat. 934; Pub. L. 99–151, title II, § 203, Nov. 13, 1985, 99 Stat. 807.)

history & why it existsrecord from the source credit
  • 1968Enacted · Pub. L. 90-545 · 82 Stat. 934
  • 1985Amended · Pub. L. 99-151 · 99 Stat. 807

A history note hasn’t been published yet. The record shows enactment by Pub. L. 90-545 on 1968-10-02.

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