42-U.S.C.-1592G

§1592G – Payment of Annual Sums to Local Authorities In Lieu of Taxes

Pathway

Title 42 > Chapter 9 > Subchapter IX > Section 1592g

Details

• Reference: Section 1592g
• Legend: §1592G – Payment of Annual Sums to Local Authorities In Lieu of Taxes
• USCode Year: 2011

Provision Content

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.

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

Transfer of Functions

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

U.S. Encyclopedia of Law Coverage

42-U.S.C.-1592C in the Legal Encyclopedia: National Defense

In this entry about 42-U.S.C.-1592C, find legal reference material, bibliographies and premiere content related to national defense in the American Encyclopedia of Law, presenting a comprehensive view of the United States national defense-specific issues, written by authorities in the field.

42-U.S.C.-1550 in the Legal Encyclopedia: Housing

In this entry about 42-U.S.C.-1550, find legal reference material, bibliographies and premiere content related to housing in the American Encyclopedia of Law, presenting a comprehensive view of the United States housing-specific issues, written by authorities in the field.

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