Title 42 — The Public Health and WelfareRelease 119-73not60
§2322 Appraisal of Property
Title 42 › Chapter 24— DISPOSAL OF ATOMIC ENERGY COMMUNITIES › Subchapter II— LOTS, APPRAISALS, AND PRICES › § 2322
Summary
HUD must appraise all community property for sale. The Secretary or a designee must do the appraisals and be reimbursed from the Community Disposal Operations Fund. HUD will use those appraisals to insure loans under the National Housing Act until they no longer reflect fair market values.
Full Legal Text
Title 42, §2322
The Public Health and Welfare — Source: USLM XML via OLRC
The Commission shall proceed to secure appraisals of all property at the community which is to be sold pursuant to this chapter. The appraisals shall be made by the Secretary of Housing and Urban Development or his designee. The Secretary of Housing and Urban Development shall be reimbursed from the Community Disposal Operations Fund for the cost of such appraisals. Appraisals made under this section shall be the appraisals on which the Secretary of Housing and Urban Development may insure any mortgage or loan under the National Housing Act [12 U.S.C. 1701 et seq.] until such time as he finds that the appraisal values generally in the community no longer represent the fair market values of the properties.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
References in Text
The National Housing Act, referred to in text, is act June 27, 1934, ch. 847, 48 Stat. 1246, which is classified principally to chapter 13 (§ 1701 et seq.) of Title 12, Banks and Banking. For complete classification of this Act to the Code, see section 1701 of Title 12 and Tables.
Amendments
1967—Pub. L. 90–19 substituted “Secretary of Housing and Urban Development” for “Federal Housing Commissioner” wherever appearing. 1962—Pub. L. 87–719 substituted “The Federal Housing Commissioner shall be reimbursed from the Community Disposal Operations Fund for the cost of such appraisals” for “The Commission shall reimburse the Federal Housing Commissioner for the cost of such appraisals”.
Statutory Notes and Related Subsidiaries
Transfer of Functions
Atomic Energy Commission abolished and functions transferred by section 5814 and 5841 of this title. See also
Transfer of Functions
notes set out under those sections.
Reference
Citations & Metadata
Citation
42 U.S.C. § 2322
Title 42 — The Public Health and Welfare
Last Updated
Apr 5, 2026
Release point: 119-73not60