Legislation1w ago
42
To authorize implementation grants to community-based nonprofits to operate one-stop reentry centers.
HR8548Rep. Kamlager-Dove, Sydney [D-CA-37] (D-CA)
introduced
HR952119th CongressWALLET
Reversionary Interest Conveyance Act
Sponsored By: Representative Rep. Matsui, Doris O. [D-CA-7]
Passed House
Summary
Allows the Bureau of Land Management to sell the United States' reversionary interest in about 8.43 acres in Sacramento. The owner of record for a parcel inside that area can request the sale. After a request, BLM must offer and convey the reversionary interest within two years once the buyer pays at least fair market value and covers all conveyance costs like surveys and appraisals. The conveyance is subject to valid existing rights and sale proceeds go to the Federal Land Disposal Account. The law preserves a 50 foot railroad right-of-way and does not validate adverse possession claims unless confirmed by a prior Southern Pacific conveyance.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Owners can buy federal reversionary interest
If enacted, you could ask the federal government to sell its reversionary interest in about 8.43 acres in Sacramento. This would apply only if you are the owner of record of a parcel in the covered land. The Secretary would have up to two years to offer the interest after your request. You would buy it only after paying an appraisal-based fair market value and must also pay surveys, appraisals, and administrative costs. Sale money would go into the Federal Land Disposal Account. The railroad right-of-way would stay at least 50 feet on each side of the main track. The bill would not validate title claims from adverse possession or abandonment unless the railroad already conveyed the land.
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Sponsors & CoSponsors
Sponsor
Rep. Matsui, Doris O. [D-CA-7]
CA • D
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
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