Title 26 — Internal Revenue CodeRelease 119-73
§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
Summary
A permanent revolving fund lets the government buy back (redeem) real property in certain tax-lien situations, with up to $10,000,000 total authorized for it. When the government later sells redeemed property, the sale proceeds repay the fund, and the Treasury must keep proper accounts and issue annual reports on it.
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 6, 2026
Release point: 119-73