42 U.S.C. § 8102 — Neighborhood Reinvestment Corporation

FEDERAL · 42 U.S.C. · Chapter SUBCHAPTER I—NEIGHBORHOOD REINVESTMENT CORPORATION

Neighborhood Reinvestment Corporation

42 U.S.C. § 8102

ChapterSUBCHAPTER I—NEIGHBORHOOD REINVESTMENT CORPORATION

This text of 42 U.S.C. § 8102 (Neighborhood Reinvestment Corporation) 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

42 U.S.C. § 8102.

Text

(a)Establishment There is established a Neighborhood Reinvestment Corporation (hereinafter referred to as the "corporation") which shall be a body corporate and shall possess the powers, and shall be subject to the direction and limitations specified herein.

(b)Implementation and expansion of demonstration activities The corporation shall implement and expand the demonstration activities carried out by the Urban Reinvestment Task Force.

(c)Principal office The corporation shall maintain its principal office in the District of Columbia or at such other place the corporation may from time to time prescribe.

(d)Exemption from taxation The corporation, including its franchise, activities, assets, and income, shall be exempt from all taxation now or hereafter imposed by the United States, b

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(a) Establishment
There is established a Neighborhood Reinvestment Corporation (hereinafter referred to as the "corporation") which shall be a body corporate and shall possess the powers, and shall be subject to the direction and limitations specified herein.
(b) Implementation and expansion of demonstration activities
The corporation shall implement and expand the demonstration activities carried out by the Urban Reinvestment Task Force.
(c) Principal office
The corporation shall maintain its principal office in the District of Columbia or at such other place the corporation may from time to time prescribe.
(d) Exemption from taxation
The corporation, including its franchise, activities, assets, and income, shall be exempt from all taxation now or hereafter imposed by the United States, by any territory, dependency, or possession thereof, or by any State, county, municipality, or local taxing authority, except that any real property of the corporation shall be subject to State, territorial, county, municipal, or local taxation to the same extent according to its value as other real property is taxed.

Source Credit

History

(Pub. L. 95–557, title VI, §603, Oct. 31, 1978, 92 Stat. 2115; Pub. L. 96–399, title III, §315(1), Oct. 8, 1980, 94 Stat. 1645.)

Editorial Notes

Editorial Notes

Amendments
1980—Subsec. (a). Pub. L. 96–399 struck out "National" before "Neighborhood".

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Bluebook (online)

42 U.S.C. § 8102, Counsel Stack Legal Research, https://law.counselstack.com/usc/42/8102.