2011 US Code
Title 16 - Conservation
Chapter 1 - NATIONAL PARKS, MILITARY PARKS, MONUMENTS, AND SEASHORES (§§ 1 - 460zzz-7)
Subchapter LXIII - NATIONAL SEASHORE RECREATIONAL AREAS (§§ 459 - 459j-8)
Section 459e-3 - Retention by owner of right of use and occupancy of improved property for residential purposes
View Metadata| Publication Title | United States Code, 2006 Edition, Supplement 5, Title 16 - CONSERVATION |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 16 - CONSERVATION CHAPTER 1 - NATIONAL PARKS, MILITARY PARKS, MONUMENTS, AND SEASHORES SUBCHAPTER LXIII - NATIONAL SEASHORE RECREATIONAL AREAS Sec. 459e-3 - Retention by owner of right of use and occupancy of improved property for residential purposes |
| Contains | section 459e-3 |
| Date | 2011 |
| Laws in Effect as of Date | January 3, 2012 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 88-587, §4, Sept. 11, 1964, 78 Stat. 931. |
| Statutes at Large Reference | 78 Stat. 931 |
| Public Law Reference | Public Law 88-587 |
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Owners of improved property acquired by the Secretary may reserve for themselves and their successors or assigns a right of use and occupancy of the improved property for noncommercial residential purposes for a term that is not more than twenty-five years. The value of the reserved right shall be deducted from the fair market value paid for the property.
(b) Termination of right; compensationA right of use and occupancy reserved pursuant to this section shall be subject to termination by the Secretary upon his determination that the use and occupancy is not consistent with an applicable zoning ordinance approved by the Secretary in accordance with the provisions of section 459e–2 of this title, and upon tender to the owner of the right an amount equal to the fair market value of that portion of the right which remains unexpired on the date of termination.
(Pub. L. 88–587, §4, Sept. 11, 1964, 78 Stat. 931.)
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