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Title 42 — The Public Health and WelfareRelease 119-73

§1588 Sale of vacant land to local housing authorities; sale of personal property

Title 42 › Chapter CHAPTER 9— - HOUSING OF PERSONS ENGAGED IN NATIONAL DEFENSE › Subchapter SUBCHAPTER VII— - DISPOSAL OF WAR AND VETERANS’ HOUSING › § 1588

Last updated Apr 6, 2026|Official source

Summary

Land bought under subchapters II–VII or other Acts for war or veterans’ housing that has no houses on it can be sold at a fair price set by the Secretary of Housing and Urban Development to agencies that clear slums or provide subsidized housing for low‑income people. Personal property held under those same rules, if not sold with a building, can be sold the same way but must be paid in cash when the sale closes.

Full Legal Text

Title 42, §1588

The Public Health and Welfare — Source: USLM XML via OLRC

(a)Notwithstanding any other provision of law, any land acquired under subchapters II to VII of this chapter or any other Act in connection with war or veterans’ housing, but upon which no dwellings are located at the time of sale, may be sold at fair value, as determined by the Secretary of Housing and Urban Development to any agency organized for slum clearance or to provide subsidized housing for persons of low income.
(b)Notwithstanding any other provision of law, any personal property held under subchapters II to VII of this chapter, and not sold with a project or building, may be sold at fair value, as determined by the Secretary of Housing and Urban Development to any agency organized for slum clearance or to provide subsidized housing for persons of low income. Any sale of personal property under this subsection shall be made on a cash basis, payable at the time of settlement.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

References in Text

Subchapters III and VI of this chapter, referred to in text, were comprised of sections 1531 to 1536 and 1571 to 1576, respectively, of this title and have been omitted from the Code. For further details, see note set out under section 1522 of this title.

Amendments

1955—Act Aug. 11, 1955, designated existing provisions as subsec. (a) and added subsec. (b).

Statutory Notes and Related Subsidiaries

Transfer of Functions

For

Transfer of Functions

to Secretary of Housing and Urban Development, see note set out under section 1581 of this title.

Reference

Citations & Metadata

Citation

42 U.S.C. § 1588

Title 42 — The Public Health and Welfare

Last Updated

Apr 6, 2026

Release point: 119-73