40 U.S.C. § 8734 — Sale of land by Mayor

FEDERAL · 40 U.S.C. · Chapter 87

Sale of land by Mayor

Current through Pub. L. 119-102

Title 40 — Public Buildings, Property, and Works·Ch. 87 — PHYSICAL DEVELOPMENT OF NATIONAL CAPITAL REGION·Subch. IV

(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.

Free access — add to your briefcase to read the full text and ask questions with AI

(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.

40 U.S.C. § 8734 (Sale of land by Mayor) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Source Credit

History

(Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1226.)

Editorial Notes

In subsection (a), the words "in his discretion", "and convey, in whole or in part", and "now or hereafter" are omitted as unnecessary.