§6702. Transfer and assignment of rights, title, and interests in property
(a)
(1)
(2)
(b)
(1)
(A) the collection of revenue owed the Federal Government as a result of real estate sales or lease agreements made by the Corporation and private parties, including-
(i) the Willard Hotel property on Square 225;
(ii) the Gallery Row project on Square 457;
(iii) the Lansburgh's project on Square 431; and
(iv) the Market Square North project on Square 407;
(B) the collection of sale or lease revenue owed the Government from the sale or lease before April 1, 1996, of two undeveloped sites owned by the Corporation on Squares 457 and 406;
(C) the application of collected revenue to repay Treasury debt the Corporation incurred when acquiring real estate;
(D) performing financial audits for projects in which the Corporation has actual or potential revenue expectation, as identified in subparagraphs (A) and (B), in accordance with procedures described in applicable sale or lease agreements;
(E) the disposition of real estate properties which are or become available for sale and lease or other uses;
(F) payment of benefits in accordance with the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 (42 U.S.C. 4601 et seq.) to which persons in the project area squares are entitled as a result of the Corporation's acquisition of real estate; and
(G) carrying out the responsibilities of the Corporation under subchapter III and the Federal Triangle Development Act (
(2)
(A) acquire land, improvements, and property by purchase, lease or exchange, and sell, lease, or otherwise dispose of any property, as necessary to complete the development plan developed under section 5 of the Pennsylvania Avenue Development Corporation Act of 1972 (
(B) modify the plan referred to in subparagraph (A) if the modification is first transmitted to the Committee on Transportation and Infrastructure and the Committee on Appropriations of the House of Representatives and the Committee on Environment and Public Works and the Committee on Appropriations of the Senate and at least 60 days elapse after the date of the transmission;
(C) maintain any existing Corporation insurance programs;
(D) make and perform transactions with an agency or instrumentality of the Federal Government, a State, the District of Columbia, or any person as necessary to carry out the responsibilities of the Corporation under subchapter III and the Federal Triangle Development Act (
(E) request the Council of the District of Columbia to close any alleys necessary for the completion of development in Square 457; and
(F) use all of the amount transferred from the Corporation or income earned on Corporation property to complete any pending development projects.
(c)
(1)
(2)
(3)
(A) make transactions with an agency or instrumentality of the Government, a State, the District of Columbia, or any person as considered necessary or appropriate for the conduct of special events, festivals, concerts, or other art and cultural programs at the Site; or
(B) establish a nonprofit foundation to solicit amounts for those activities.
(4)
(d)
(
Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
---|---|---|
6702 | 40:872 note. |
|
Subsection (a) is substituted for section 313(a) of title III of section 101(c) of the Act of April 26, 1996, to eliminate obsolete words.
In subsection (a)(2), the words "both real and personal" are omitted as unnecessary.
In subsection (b)(1)(A), before subclause (i), the words "with respect to the following projects" are omitted as unnecessary.
In subsection (b)(1)(F), the word "Acquisition" is substituted for "Acquisitions" to correct an error in the source provision.
In subsections (b)(2)(D) and (c)(3)(A), the words "firm, association, or corporation" are omitted because of the definition of "person" in 1:1.
In subsection (b)(2)(D), the words "leases, contracts, or other" are omitted as unnecessary.
Subsection (c)(1) is substituted for section 313(d)(1) of title III of section 101(c) of the Act of April 26, 1996, to eliminate obsolete words.
In subsection (c)(3)(A), the words "contracts, cooperative agreements, or other" are omitted as unnecessary.
In subsection (d), the words "Notwithstanding any other provision of law" are omitted as unnecessary. The words "commencing April 1, 1996" are omitted as obsolete. The words "or its successor" and "or redevelopment" are omitted as unnecessary.
References in Text
The Pennsylvania Avenue Development Corporation Act of 1972, referred to in subsec. (a)(1), is
Section 5 of the Act was classified to section 874 of former Title 40 prior to repeal by
The Federal Triangle Development Act, referred to in subsecs. (a)(1), (b)(1)(G), and (2)(D), is
The Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970, referred to in subsec. (b)(1)(F), is