20 U.S.C. § 127 — Transfer of facilities by University or cessation of operation as teaching hospital facilities; recovery of value by United States
submitted 65 years ago by Pub. L. 87-262 to r/title-20-EDUCATION · 163 words · no verdicts yet
Howard University received federal funds to build new hospital facilities. For 20 years after construction, it must keep using them as a teaching hospital. If it transfers them or stops that use, the United States may recover the facilities' value.
If, within twenty years after the completion of construction (as determined by the Secretary of Health, Education, and Welfare) of the new hospital facilities authorized by section 126 of this title, any of such facilities, or of the facilities transferred pursuant to section 124 of this title and combined with such new facilities, are transferred by Howard University to any other person or entity (except a transfer to the United States) or cease to be operated by the university as teaching hospital facilities, the United States shall be entitled to recover from the transferee or the university, in the case of a transfer, or from the university, if there is no transfer, an amount equal to the then value of such facilities (or so much thereof as is involved in the transfer, as the case may be), such value to be determined by agreement of the parties or by action brought in the United States District Court for the District of Columbia.
Source credit: (Pub. L. 87–262, § 4, Sept. 21, 1961, 75 Stat. 543.)
- 1961Enacted · Pub. L. 87-262 · 75 Stat. 543
A history note hasn’t been published yet. The record shows enactment by Pub. L. 87-262 on 1961-09-21.
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