29 U.S.C. § 3252: Transfer of Federal equity…

Summary

Federal ownership interest in land or buildings bought with grants under title III of the Social Security Act or the Wagner‑Peyser Act is transferred to the State that used the grant. The part of the property that equals the federal share must be used for programs allowed by this Act, title III, or the Wagner‑Peyser Act. If the property is sold, the sale must follow the Secretary’s rules and the federal-share money must be used for those same programs. A State must not use funds from this Act, title III of the Social Security Act, or the Wagner‑Peyser Act to pay off (amortize) the cost of property purchased on or after February 15, 2007.

Title 29, §3252

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(a)Transfer of Federal equity

Notwithstanding any other provision of law, any Federal equity acquired in real property through grants to States awarded under title III of the Social Security Act (42 U.S.C. 501 et seq.) or under the Wagner-Peyser Act (29 U.S.C. 49 et seq.) is transferred to the States that used the grants for the acquisition of such equity. The portion of any real property that is attributable to the Federal equity transferred under this section shall be used to carry out activities authorized under this Act, title III of the Social Security Act, or the Wagner-Peyser Act. Any disposition of such real property shall be carried out in accordance with the procedures prescribed by the Secretary and the portion of the proceeds from the disposition of such real property that is attributable to the Federal equity transferred under this section shall be used to carry out activities authorized under this Act, title III of the Social Security Act, or the Wagner-Peyser Act.

(b)Limitation on use

A State shall not use funds awarded under this Act, title III of the Social Security Act, or the Wagner-Peyser Act to amortize the costs of real property that is purchased by any State on or after February 15, 2007.

Notes & Related Subsidiaries

Editorial Notes

References in Text

The Social Security Act, referred to in text, is act Aug. 14, 1935, ch. 531, 49 Stat. 620. Title III of the Act is classified generally to subchapter III (§ 501 et seq.) of chapter 7 of Title 42, The Public Health and Welfare. For complete classification of this Act to the Code, see section 1305 of Title 42 and Tables. The Wagner-Peyser Act, referred to in text, is act June 6, 1933, ch. 49, 48 Stat. 113, which is classified generally to chapter 4B (§ 49 et seq.) of this title. For complete classification of this Act to the Code, see

Short Title

note set out under section 49 of this title and Tables. This Act, referred to in text, is Pub. L. 113–128, July 22, 2014, 128 Stat. 1425, known as the Workforce Innovation and Opportunity Act, which enacted this chapter, repealed chapter 30 (§ 2801 et seq.) of this title and chapter 73 (§ 9201 et seq.) of Title 20, Education, and made

Amendments

to numerous other sections and notes in the Code. For complete classification of this Act to the Code, see

Short Title

note set out under section 3101 of this title and Tables.

Statutory Notes and Related Subsidiaries

Effective Date

Section effective on the first day of the first full program year after

July 22, 2014 (

July 1, 2015), see section 506 of Pub. L. 113–128, set out as a note under section 3101 of this title.

§3252 Transfer of Federal Equity in State Employment Security Agency Real Property to the States

Summary

Title 29, §3252

Notes & Related Subsidiaries

Editorial Notes

References in Text

Short Title

Amendments

Short Title

Statutory Notes and Related Subsidiaries

Effective Date

Citations & Metadata