40 USC 521 to 524: Repealed. Pub. L. 91-466, §2, Oct. 17, 1970, 84 Stat. 990
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40 USC 521 to 524: Repealed. Pub. L. 91-466, §2, Oct. 17, 1970, 84 Stat. 990 Text contains those laws in effect on January 2, 2001
From Title 40-PUBLIC BUILDINGS, PROPERTY, AND WORKSCHAPTER 10-MANAGEMENT AND DISPOSAL OF GOVERNMENT PROPERTYSUBCHAPTER IV-RECONSTRUCTION FINANCE CORPORATION PROPERTY

§§521 to 524. Repealed. Pub. L. 91–466, §2, Oct. 17, 1970, 84 Stat. 990

Section 521, act June 30, 1949, ch. 288, title VII, §701, as added Aug. 12, 1955, ch. 874, §3, 69 Stat. 722 , stated congressional declaration of policy regarding Reconstruction Finance Corporation property.

Section 522, act June 30, 1949, ch. 288, title VII, §702, as added Aug. 12, 1955, ch. 874, §3, 69 Stat. 722 ; amended June 25, 1959, Pub. L. 86–70, §30(b), 73 Stat. 148 ; July 12, 1960, Pub. L. 86–624, §27(d), 74 Stat. 418 , defined State, real property, local taxing authority, real property tax, Government department, transfer, and Reconstruction Finance Corporation as used in the subchapter.

Section 523, act June 30, 1949, ch. 288, title VII, §703, as added Aug. 12, 1955, ch. 874, §3, 69 Stat. 722 ; amended Aug. 1, 1958, Pub. L. 85–579, §1(a), 72 Stat. 456 ; June 8, 1960, Pub. L. 86–498, §1(a), 74 Stat. 165 ; Oct. 10, 1962, Pub. L. 87–787, §1(a), 76 Stat. 805 ; June 29, 1964, Pub. L. 88–330, §1(a), 78 Stat. 226 ; July 7, 1967, Pub. L. 90–50, §1(a), 81 Stat. 119 ; Oct. 17, 1970, Pub. L. 91–466, §1(a), 84 Stat. 990 , provided for payments by Government department which has custody of real property transferred to it on or after Jan. 1, 1946 from the Reconstruction Finance Corporation, in lieu of taxes, to State and local taxing authorities.

Section 524, act June 30, 1949, ch. 288, title VII, §704, as added Aug. 12, 1955, ch. 874, §3, 69 Stat. 723 ; amended Aug. 1, 1958, Pub. L. 85–579, §1(b), 72 Stat. 456 ; June 8, 1960, Pub. L. 86–498, §1(b), 74 Stat. 165 ; Oct. 10, 1962, Pub. L. 87–787, §1(b), 76 Stat. 805 ; June 29, 1964, Pub. L. 88–330, §1(b), 78 Stat. 226 ; July 7, 1967, Pub. L. 90–50, §1(b), 81 Stat. 119 ; Oct. 17, 1970, Pub. L. 91–466, §1(b), 84 Stat. 990 , provided that failure of Government department to make payment authorized by former section 523 of this title would not give rise to any penalty or subject the property to any lien or foreclosure, exempted certain categories of real property from payments, and limited liability for any payment in lieu of taxes for any period before Jan. 1, 1955 or after Dec. 31, 1970.

Effective Date of Repeal

Section 2 of Pub. L. 91–466 provided that title VII of the Federal Property and Administrative Services Act of 1949 [sections 521 to 524 of this title] is repealed as of Jan. 1, 1971.