42-U.S.C.-8102

§8102 – Neighborhood Reinvestment Corporation

Pathway

Title 42 > Chapter 90 > Subchapter I > Section 8102

Details

• Reference: Section 8102
• Legend: §8102 – Neighborhood Reinvestment Corporation
• USCode Year: 2011

Provision Content

(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.

(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.)

Amendments

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

U.S. Encyclopedia of Law Coverage

42-U.S.C.-1500C-1 in the Legal Encyclopedia: Welfare

In this entry about 42-U.S.C.-1500C-1, find legal reference material, bibliographies and premiere content related to welfare in the American Encyclopedia of Law, presenting a comprehensive view of the United States welfare-specific issues, written by authorities in the field.

Subchapter I – Neighborhood Reinvestment Corporation in the Legal Encyclopedia: Cities

In this entry about Subchapter I – Neighborhood Reinvestment Corporation, find legal reference material, bibliographies and premiere content related to cities in the American Encyclopedia of Law, presenting a comprehensive view of the United States cities-specific issues, written by authorities in the field.

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