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Title 26 — Internal Revenue CodeRelease 119-73not60

§7810 Revolving Fund for Redemption of Real Property

Title 26 › Subtitle Subtitle F— Procedure and Administration › Chapter 80— GENERAL RULES › Subchapter A— Application of Internal Revenue Laws › § 7810

Last updated Apr 5, 2026|Official source

Summary

A revolving fund is set up under the Secretary’s control and is available without a fiscal-year limit to pay costs for redeeming real property under sections 7425(d) and 2410 of title 28. Money may be appropriated as needed, but total appropriations cannot exceed $10,000,000. When the government later sells property it redeemed, the sale proceeds must repay the fund for the amounts spent. The Secretary must keep proper accounts for the fund and prepare annual reports.

Full Legal Text

Title 26, §7810

Internal Revenue Code — Source: USLM XML via OLRC

(a)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)The 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)The Secretary shall maintain an adequate system of accounts for such fund and prepare annual reports on the basis of such accounts.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

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.

Statutory Notes and Related Subsidiaries

Effective Date

Section 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.

Reference

Citations & Metadata

Citation

26 U.S.C. § 7810

Title 26 — Internal Revenue Code

Last Updated

Apr 5, 2026

Release point: 119-73not60