Federal Triangle property

40 U.S.C. § 6733

• Title: 40 — Public Buildings, Property, and Works
• Chapter: SUBCHAPTER III—FEDERAL TRIANGLE DEVELOPMENT

Text

(a) Title.—Title to the Federal Triangle property reverts to the Administrator of General Services not later than the date on which ownership of the Ronald Reagan Building and International Trade Center vests in the Federal Government.
(b) Nonapplicability of Certain Laws.—
(1) Building permits and inspection.—For purposes of development of the Federal Triangle property, the person selected to develop the property is not subject to any state or local law relating to building permits and inspection.
(2) Taxes and assessments.—The property and improvements to the property are not subject to real and personal property taxation or to special assessments.

History

(Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1199.)

Editorial Notes

In subsection (a), the words "at such time as the Administrator and the Corporation agree but" are omitted as obsolete. The Corporation transferred its rights, title, and interest in all property to the General Services Administration on April 1, 1996. The words "Ronald Reagan Building and International Trade Center" are substituted for "building to be constructed on such property under section 1104 of this title" because of section 2 of the Act of December 22, 1995 (Public Law 104–68, 109 Stat. 766).