FEDERAL · 16 U.S.C. · Chapter 6
Right of use and occupancy of improved property on Big Cypress Preserve and Addition
Current through Pub. L. 119-102
(a)Election of right of use and occupancy; payment of fair market value; termination of right
The owner of an improved property on the date of its acquisition by the Secretary may, as a condition of such acquisition, retain for himself and his heirs and assigns a right of use of and occupancy of the improved property for a definite term of not more than twenty-five years or, in lieu thereof, for a term ending at the death of the owner or the death of his spouse, whichever is later. The owner shall elect the term to be reserved. Unless this property is wholly or partially donated to the United States, the Secretary shall pay the owner the fair market value of the property on the date of acquisition less the fair market value, on that date, of the right retained by the owner. A right retain
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16 U.S.C. § 698h (Right of use and occupancy of improved property on Big Cypress Preserve and Addition) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Source Credit
History
(Pub. L. 93–440, §3, Oct. 11, 1974, 88 Stat. 1259; Pub. L. 100–301, §4(f), Apr. 29, 1988, 102 Stat. 445.)
Editorial Notes
Editorial Notes
Amendments
1988—Subsec. (b)(i). Pub. L. 100–301, §4(f)(1), inserted "with respect to the preserve and January 1, 1986, with respect to the Addition" after "November 23, 1971,".
Subsec. (b)(ii). Pub. L. 100–301, §4(f)(2)(A), inserted "with respect to the preserve and January 1, 1986, with respect to the Addition" after "November 23, 1971,".
Pub. L. 100–301, §4(f)(2)(B), which directed insertion of "or January 1, 1986, as the case may be," after "November 23, 1971," the second and third places it appears, was executed by making the insertion after "November 23, 1971," the second place it appears and after "November 23, 1971" preceding the period as the probable intent of Congress.
Amendments
1988—Subsec. (b)(i). Pub. L. 100–301, §4(f)(1), inserted "with respect to the preserve and January 1, 1986, with respect to the Addition" after "November 23, 1971,".
Subsec. (b)(ii). Pub. L. 100–301, §4(f)(2)(A), inserted "with respect to the preserve and January 1, 1986, with respect to the Addition" after "November 23, 1971,".
Pub. L. 100–301, §4(f)(2)(B), which directed insertion of "or January 1, 1986, as the case may be," after "November 23, 1971," the second and third places it appears, was executed by making the insertion after "November 23, 1971," the second place it appears and after "November 23, 1971" preceding the period as the probable intent of Congress.