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40 U.S.C. § 8734Sale 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

in plain englishAI-generated · not legal advice

A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain
(a)Authority To Sell.—

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.

(b)Paying Expenses and Depositing Proceeds.—

The Mayor—

(1)

may pay the reasonable and necessary expenses of the sale of each parcel of land sold; and

(2)

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.)

history & why it existsrecord from the source credit
  • 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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