2015 US Code
Title 16 - Conservation (Sections 1 - 7507)
Chapter 1 - National Parks, Military Parks, Monuments, and Seashores (Sections 1 - 460aaaa)
Subchapter LXX - Ozark National Scenic Riverways (Sections 460m - 460m-7)
Sec. 460m-2 - Reservation of use and occupancy of improved property for noncommercial residential purposes; term; valuation
| Publication Title | United States Code, 2012 Edition, Supplement 3, 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 | 2015 |
| Laws In Effect As Of Date | January 3, 2016 |
| 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 and Private Law | Public Law 88-492 |
Download PDF
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.)
Disclaimer: These codes may not be the most recent version. The United States Government Printing Office may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the US site. Please check official sources.
