2012 US Code
Title 43 - Public Lands
Chapter 12 - RECLAMATION AND IRRIGATION OF LANDS BY FEDERAL GOVERNMENT (§§ 371 - 616yyyy)
Subchapter I-A - RECLAMATION REFORM (§§ 390aa - 390zz-1)
Section 390nn - Trusts
| Publication Title | United States Code, 2012 Edition, Title 43 - PUBLIC LANDS |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 43 - PUBLIC LANDS CHAPTER 12 - RECLAMATION AND IRRIGATION OF LANDS BY FEDERAL GOVERNMENT SUBCHAPTER I-A - RECLAMATION REFORM Sec. 390nn - Trusts |
| Contains | section 390nn |
| Date | 2012 |
| Laws in Effect as of Date | January 15, 2013 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 97-293, title II, §214, Oct. 12, 1982, 96 Stat. 1270; Pub. L. 100-203, title V, §5302(b), Dec. 22, 1987, 101 Stat. 1330-269. |
| Statutes at Large References | 96 Stat. 1270 101 Stat. 1330-269 |
| Public Law References | Public Law 97-293, Public Law 100-203 |
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(a) The ownership and full cost pricing limitations of this subchapter and the ownership limitations provided in any other provision of Federal reclamation law shall not apply to lands in a district which are held by an individual or corporate trustee in a fiduciary capacity for a beneficiary or beneficiaries whose interests in the lands served do not exceed the ownership and pricing limitations imposed by Federal reclamation law, including this subchapter.
(b) Lands placed in a revocable trust shall be attributable to the grantor if—
(1) the trust is revocable at the discretion of the grantor and revocation results in the title to such lands reverting either directly or indirectly to the grantor; or
(2) the trust is revoked or terminated by its terms upon the expiration of a specified period of time and the revocation or termination results in the title to such lands reverting either directly or indirectly to the grantor.
(Pub. L. 97–293, title II, §214, Oct. 12, 1982, 96 Stat. 1270; Pub. L. 100–203, title V, §5302(b), Dec. 22, 1987, 101 Stat. 1330–269.)
References in TextFederal reclamation law, referred to in subsec. (a), is defined in section 390aa of this title.
Amendments1987—Pub. L. 100–203 designated existing provisions as subsec. (a) and added subsec. (b).
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