2020 US Code
Title 26 - Internal Revenue Code
Subtitle F - Procedure and Administration
Chapter 80 - General Rules
Subchapter A - Application of Internal Revenue Laws
Sec. 7810 - Revolving fund for redemption of real property
| 26 U.S.C. § 7810 (2020) |
| §7810. Revolving fund for redemption of real property |
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(a) Establishment of fund
There is established a revolving fund, under the control of the Secretary, which shall be available without fiscal year limitation for all expenses necessary for the redemption (by the Secretary) of real property as provided in section 7425(d) and section 2410 of title 28 of the United States Code. There are authorized to be appropriated from time to time such sums (not to exceed $10,000,000 in the aggregate) as may be necessary to carry out the purposes of this section. (b) Reimbursement of fundThe fund shall be reimbursed from the proceeds of a subsequent sale of real property redeemed by the United States in an amount equal to the amount expended out of such fund for such redemption. (c) System of accountsThe Secretary shall maintain an adequate system of accounts for such fund and prepare annual reports on the basis of such accounts. |
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(Added Pub. L. 89–719, title I, §112(a), Nov. 2, 1966, 80 Stat. 1145; amended Pub. L. 94–455, title XIX, §1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834; Pub. L. 98–369, div. A, title IV, §443, July 18, 1984, 98 Stat. 816.) |
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AMENDMENTS
1984—Subsec. (a). Pub. L. 98–369 substituted "$10,000,000" for "$1,000,000". 1976—Pub. L. 94–455 struck out "or his delegate" after "Secretary" wherever appearing. EFFECTIVE DATESection applicable after Nov. 2, 1966, regardless of when title or lien of United States arose or when lien or interest of another person was acquired, with certain exceptions, see section 114(a)–(c) of Pub. L. 89–719, set out as an Effective Date of 1966 Amendment note under section 6323 of this title. |
| United States Code, 2018 Edition, Supplement 2, Title 26 - INTERNAL REVENUE CODE |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 26 - INTERNAL REVENUE CODE Subtitle F - Procedure and Administration CHAPTER 80 - GENERAL RULES Subchapter A - Application of Internal Revenue Laws Sec. 7810 - Revolving fund for redemption of real property |
| section 7810 |
| 2020 |
| January 13, 2021 |
| No |
| standard |
| 80 Stat. 1145 90 Stat. 1834 98 Stat. 816 |
| Public Law 89-719, Public Law 94-455, Public Law 98-369 |
