42 U.S.C. § 1589d: Undisposed housing

Summary

HUD must sell certain permanent housing it controls if those units were not already transferred by set dates. On-site housing on U.S. land under HUD control that is not disposed of by January 1, 1957 (except housing HUD already found fit to sell under section 1587(b)) and off-site permanent housing not disposed of before August 7, 1956 must be sold quickly by public notice to the highest responsible bidder. HUD can reject bids below fair market value and then try to sell by negotiation. Any sales contracts made after August 7, 1956 (except under section 1587(b) or the on-site sales above) must say that if title does not pass to the buyer by April 1, 1957 (or within sixty days more to fix title problems), the buyer’s rights end and HUD will resell under the public-bid rules. A conditional sales contract counts as title passing. The dates above cannot be changed by section 1589a.

Title 42, §1589d

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

(a)Disposal to highest bidder; rejection of bids; disposal by negotiation

Notwithstanding the provisions of this or any other law, (1) any housing to be sold on-site determined by the Secretary of Housing and Urban Development to be permanent, located on lands owned by the United States and under the jurisdiction of the Secretary, which is not relinquished, transferred, under contract of sale, sold, or otherwise disposed of by the Secretary under other provisions of this subchapter or under the provisions of other law by January 1, 1957, except housing which is determined by the Secretary by that date to be suitable for sale in accordance with section 1587(b) of this title; and (2) any permanent housing to be sold off-site which is not relinquished, transferred, under contract of sale, sold, or otherwise disposed of prior to August 7, 1956, shall be disposed of, as expeditiously as possible, on a competitive basis to the highest responsible bidder upon such terms and after such public advertisement as the Secretary of Housing and Urban Development may deem in the public interest; except that the Secretary of Housing and Urban Development may reject any bid which the Secretary deems less than the fair market value of the property and may thereafter dispose of the property by negotiation.

(b)Contracts; time for passage of title; termination of purchaser’s rights

Notwithstanding the provisions of this or any other law, all contracts entered into after August 7, 1956, for the sale, transfer, or other disposal of housing (other than housing subject to the provisions of section 1587(b) of this title) determined by the Secretary of Housing and Urban Development to be permanent, except contracts entered into pursuant to subsection (a) hereof, shall require that if title does not pass to the purchaser by April 1, 1957 (or within sixty days thereafter if such time is necessary to cure defects in title in accordance with the provisions of the contract), the rights of the purchaser shall terminate and thereafter the housing shall be sold under the provisions of subsection (a) hereof. For the purposes of this subsection, title shall be considered to have passed upon the execution of a conditional sales contract.

(c)Dates

The dates set forth in subsections (a) and (b) of this section shall not be subject to change by virtue of the provisions of section 1589a of this title.

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.

§1589d Undisposed Housing

Summary

Title 42, §1589d

Notes & Related Subsidiaries

Statutory Notes and Related Subsidiaries

Transfer of Functions

Transfer of Functions

Citations & Metadata