16 U.S.C. § 81i — Donation of buildings thereafter revenue producing; disposition of proceeds

submitted 96 years ago by ch. 837 to r/title-16-CONSERVATION · 85 words · no verdicts yet

in plain englishAI-generated · not legal advice

If donated land or buildings in Williamsburg later earn money for the United States, the government must pay the city 25 percent of the rental income and 25 percent of net profits from any business it runs there, up to $20,000 a year.

If land, buildings, or structures inside the city of Williamsburg are donated to the United States and later produce revenue, the United States must pay into the city of Williamsburg's treasury 25 percent of any rental income included in that revenue, and 25 percent of the net proceeds from any commercial enterprise the United States runs there. These payments to the city cannot exceed $20,000 in any single year.

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

In the event that lands and/or buildings, structures, and so forth, within the city of Williamsburg are donated to the United States and are thereafter revenue producing, the United States shall pay in the treasury of the city of Williamsburg 25 per centum of any rentals included in said revenues, and 25 per centum of the net proceeds of any commercial enterprise there conducted by the United States, such payment into the treasury of the city of Williamsburg not to exceed $20,000 in any year.

Source credit: (July 3, 1930, ch. 837, § 7, 46 Stat. 856.)

history & why it existsrecord from the source credit

1930Enacted · Act of July 3, 1930, ch. 837 · 46 Stat. 856

A history note hasn’t been published yet. The record shows enactment by ch. 837 on 1930-07-03.

all 0 arguments · sorted by: best

no arguments yet — make the first case