42 U.S.C. § 1592g — Payment of annual sums to local authorities in lieu of taxes

FEDERAL · 42 U.S.C. · Chapter 9

Payment of annual sums to local authorities in lieu of taxes

Current through Pub. L. 119-102

Title 42 — The Public Health and Welfare·Ch. 9 — HOUSING OF PERSONS ENGAGED IN NATIONAL DEFENSE·Subch. IX

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 appropr

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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.

42 U.S.C. § 1592g (Payment of annual sums to local authorities in lieu of taxes) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Source Credit

History

(Sept. 1, 1951, ch. 378, title III, §308, 65 Stat. 307; Pub. L. 89–174, §5(a), Sept. 9, 1965, 79 Stat. 669.)

Editorial Notes

Statutory Notes and Related Subsidiaries

Transfer of Functions
For transfer of functions to Secretary of Housing and Urban Development, see note set out under section 1581 of this title.