40 U.S.C. § 8734 — Sale of land by Mayor
submitted 24 years ago by Pub. L. 107-217 to r/title-40-PUBLIC-BUILDINGS-PROPERTY-AND-WORKS · 127 words · no verdicts yet
With Planning Commission approval, the D.C. Mayor may sell city-owned real estate no longer needed for public use. The Mayor may pay reasonable sale expenses. Net proceeds go to the Treasury, credited to the District of Columbia.
(a) Authority To Sell. With the National Capital* Planning Commission's approval, the Mayor of the District of Columbia may sell, to the highest bidder at a public or private sale, D.C.-owned real estate held for municipal use. This applies to real estate the D.C. Council and the Commission find is no longer needed for public purposes, and the sale must be in D.C.'s best interests.
(b) Paying Expenses and Depositing Proceeds. The Mayor: (1) may pay the reasonable and necessary expenses of selling each parcel; and (2) must deposit the net proceeds of each sale into the Treasury, credited to the District of Columbia.
With the approval of the National Capital* Planning Commission, the Mayor of the District of Columbia, for the best interests of the District of Columbia, may sell to the highest bidder at public or private sale real estate in the District of Columbia owned in fee simple by the District of Columbia for municipal use that the Council of the District of Columbia and the Commission find to be no longer required for public purposes.
The Mayor—
may pay the reasonable and necessary expenses of the sale of each parcel of land sold; and
shall deposit the net proceeds of each sale in the Treasury to the credit of the District of Columbia.
Source credit: (Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1226.)
- 2002Enacted · Pub. L. 107-217 · 116 Stat. 1226
A history note hasn’t been published yet. The record shows enactment by Pub. L. 107-217 on 2002-08-21.
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