FEDERAL · 16 U.S.C. · Chapter 1
Retention by owner of right of use and occupancy of improved property for residential purposes
16 U.S.C. § 459e–3
Title16 — Conservation
Chapter1 — NATIONAL PARKS, MILITARY PARKS, MONUMENTS, AND SEASHORES
SubchapterLXIII
Current throughPub. L. 119-99
This text of 16 U.S.C. § 459e–3 (Retention by owner of right of use and occupancy of improved property for residential purposes) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
16 U.S.C. § 459e–3.
Text
(a)Time limit; value of reserved right
Owners of improved property acquired by the Secretary may reserve for themselves and their successors or assigns a right of use and occupancy of the improved property for noncommercial residential purposes for a term that is not more than twenty-five years. The value of the reserved right shall be deducted from the fair market value paid for the property.
(b)Termination of right; compensation
A right of use and occupancy reserved pursuant to this section shall be subject to termination by the Secretary upon his determination that the use and occupancy is not consistent with an applicable zoning ordinance approved by the Secretary in accordance with the provisions of section 459e–2 of this title, and upon tender to the owner of the right an amount eq
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Related
§ 459e
16 U.S.C. § 459e
Source Credit
History
(Pub. L. 88–587, §4, Sept. 11, 1964, 78 Stat. 931.)
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Bluebook (online)
16 U.S.C. § 459e–3, Counsel Stack Legal Research, https://law.counselstack.com/usc/16/459e–3.