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16 U.S.C. § 90b–1Exchange of property; cash equalization payments

submitted 58 years ago by Pub. L. 90-544 to r/title-16-CONSERVATION · 102 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Secretary can trade non-federal park land for other federal land in Washington. The federal land must be suitable for exchange or disposal. If the values aren't equal, either side pays cash to make up the difference.

When exercising the authority to acquire property by exchange, the Secretary may accept title to any non-federal property within the boundaries of the park and recreation areas. In exchange, the Secretary may give the person who owned that property any federally owned property under the Secretary's jurisdiction in the State of Washington that the Secretary classifies as suitable for exchange or other disposal. The values of the properties traded should be approximately equal; if they are not, the difference is equalized by a cash payment, either from the grantor to the Secretary or from the Secretary to the grantor, as the situation requires.
the actual law source: uscode.house.gov ↗public domain

In exercising his authority to acquire property by exchange, the Secretary may accept title to any non-Federal property within the boundaries of the park and recreation areas and in exchange therefor he may convey to the grantor of such property any federally owned property under his jurisdiction in the State of Washington which he classifies as suitable for exchange or other disposal. The values of the properties so exchanged either shall be approximately equal, or if they are not approximately equal the values shall be equalized by the payment of cash to the grantor or to the Secretary as the circumstances require.

Source credit: (Pub. L. 90–544, title III, § 302, Oct. 2, 1968, 82 Stat. 927.)

history & why it existsrecord from the source credit
  • 1968Enacted · Pub. L. 90-544 · 82 Stat. 927

A history note hasn’t been published yet. The record shows enactment by Pub. L. 90-544 on 1968-10-02.

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