42 U.S.C. § 1592g — Payment of annual sums to local authorities in lieu of taxes
submitted 75 years ago by ch. 378 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 151 words · no verdicts yet
This section requires the Secretary to pay States and local governments annual amounts from rentals in place of taxes and special assessments on specified property. The amount should approximate those charges, with an allowance for certain Federal services.
The Secretary* of Housing and Urban Development must pay from rentals annual sums in lieu of taxes and special assessments to any State* and/or political subdivision of it, about any real property, including improvements thereon, acquired and held by the Secretary under this subchapter for residential purposes (or for commercial purposes incidental to it), whether or not such property is or has been held in the exclusive jurisdiction of the United States. The amount so paid for any year upon such property must approximate the taxes and special assessments which would be paid to the State and/or subdivision, as the case may be, upon such property if it were not exempt from taxation and special assessments, with such allowance as may be considered by the Secretary to be appropriate for expenditures by the Federal Government for the provision or maintenance of streets, utilities, or other public services to serve such property.
The Secretary* of Housing and Urban Development shall pay from rentals annual sums in lieu of taxes and special assessments to any State* and/or political subdivision thereof, with respect to any real property, including improvements thereon, acquired and held by the Secretary under this subchapter for residential purposes (or for commercial purposes incidental thereto), whether or not such property is or has been held in the exclusive jurisdiction of the United States. The amount so paid for any year upon such property shall approximate the taxes and special assessments which would be paid to the State and/or subdivision, as the case may be, upon such property if it were not exempt from taxation and special assessments, with such allowance as may be considered by the Secretary to be appropriate for expenditures by the Federal Government for the provision or maintenance of streets, utilities, or other public services to serve such property.
Source credit: (Sept. 1, 1951, ch. 378, title III, § 308, 65 Stat. 307; Pub. L. 89–174, § 5(a), Sept. 9, 1965, 79 Stat. 669.)
- 1951Enacted · Act of Sept. 1, 1951, ch. 378 · 65 Stat. 307
- 1965Amended · Pub. L. 89-174 · 79 Stat. 669
A history note hasn’t been published yet. The record shows enactment by ch. 378 on 1951-09-01.
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