2011 US Code
Title 16 - Conservation
Chapter 1 - NATIONAL PARKS, MILITARY PARKS, MONUMENTS, AND SEASHORES (§§ 1 - 460zzz-7)
Subchapter LXX - OZARK NATIONAL SCENIC RIVERWAYS (§§ 460m - 460m-7)
Section 460m-2 - Reservation of use and occupancy of improved property for noncommercial 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 LXX - OZARK NATIONAL SCENIC RIVERWAYS Sec. 460m-2 - Reservation of use and occupancy of improved property for noncommercial residential purposes; term; valuation |
| Contains | section 460m-2 |
| Date | 2011 |
| Laws in Effect as of Date | January 3, 2012 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 88-492, §3, Aug. 27, 1964, 78 Stat. 608. |
| Statutes at Large Reference | 78 Stat. 608 |
| Public Law Reference | Public Law 88-492 |
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Any owner or owners, including beneficial owners (hereinafter in this section referred to as “owner”), of improved property on the date of its acquisition by the Secretary may, as a condition to such acquisition, retain the right of use and occupancy of the improved property for noncommercial residential purposes for a term ending at the death of such owner, or the death of his spouse, or at the death of the survivor of either of them. The owner shall elect the term to be reserved. The Secretary shall pay to the owner the fair market value of the property on the date of such acquisition less the fair market value on such date of the right retained by the owner.
(Pub. L. 88–492, §3, Aug. 27, 1964, 78 Stat. 608.)
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