Title 43 — Public LandsRelease 119-73
§565 Terms of sale of town lots; installments of price
Title 43 › Chapter CHAPTER 12— - RECLAMATION AND IRRIGATION OF LANDS BY FEDERAL GOVERNMENT › Subchapter SUBCHAPTER XV— - TOWN SITES, PARKS, PLAYGROUNDS, AND SCHOOL SITES › § 565
Summary
The Interior Secretary can require full payment when town lots are sold or let buyers pay in up to five yearly installments; deferred payments carry 6% annual interest.
Full Legal Text
Title 43, §565
Public Lands — Source: USLM XML via OLRC
In the sale of town lots under the provisions of section 562 and 563 of this title the Secretary of the Interior may, in his discretion, require payments for such town lots in full at time of sale or in annual installments, not exceeding five, with interest at the rate of 6 per centum per annum on deferred payments.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
References in Text
section 594 of this title, referred to in text, was omitted from the Code.
Reference
Citations & Metadata
Citation
43 U.S.C. § 565
Title 43 — Public Lands
Last Updated
Apr 6, 2026
Release point: 119-73