26 U.S.C. § 7810 — Revolving fund for redemption of real property
submitted 60 years ago by Pub. L. 89-719 to r/title-26-INTERNAL-REVENUE-CODE · 149 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
There is established a revolving fund, under the control of the Secretary*, which shall be available without fiscal year* limitation for all expenses necessary for the redemption (by the Secretary) of real property* as provided in section 7425(d) and section 2410 of title 28 of the United States Code. There are authorized to be appropriated from time to time such sums (not to exceed $10,000,000 in the aggregate) as may be necessary to carry out the purposes of this section.
The fund shall be reimbursed from the proceeds of a subsequent sale of real property redeemed by the United States in an amount equal to the amount expended out of such fund for such redemption.
The Secretary shall maintain an adequate system of accounts for such fund and prepare annual reports on the basis of such accounts.
Source credit: (Added Pub. L. 89–719, title I, § 112(a), Nov. 2, 1966, 80 Stat. 1145; amended Pub. L. 94–455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834; Pub. L. 98–369, div. A, title IV, § 443, July 18, 1984, 98 Stat. 816.)
- 1966Enacted · Pub. L. 89-719 · 80 Stat. 1145
- 1976Amended · Pub. L. 94-455 · 90 Stat. 1834
- 1984Amended · Pub. L. 98-369 · 98 Stat. 816
A history note hasn’t been published yet. The record shows enactment by Pub. L. 89-719 on 1966-11-02.
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