PRIA, Government Policy, Made Personal

Summary

Sets how to price sales to priority buyers. Government-owned single houses or duplexes sell for the appraised value minus 15% and minus the deductions in section 2326. Other properties sell for the appraised value minus the deductions in section 2326, except sales under sections 2343(b) or 2343(c) use the prices those sections set. For commercial property, if the lessee asks for renegotiation under section 2201(e), use any agreed renegotiated lease to value the Government’s interest and wait until renegotiation is finished before starting the sale.

Title 42, §2325

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

(a)Government-owned single or duplex houses

In the sale to priority purchasers of properties on which are located Government-owned single or duplex houses, the sales price shall be the appraised value less a deduction of 15 per centum of the appraised value and less the deductions provided by section 2326 of this title.

(b)Other properties

In all other cases the sales price to priority purchasers shall be the appraised value less the deductions provided by section 2326 of this title, except that sales made under section 2343(b) and 2343(c) of this title shall be made at the prices set forth therein.

(c)Appraised value of interest in commercial property

The appraised value of the Government’s interest in commercial property shall, in the cases where renegotiation of the lease is requested by the lessee under the provisions of section 2201(e) of this title be based upon the renegotiated lease if any is agreed on. Where such renegotiations are requested, the sales proceedings shall not be initiated until the completion of the renegotiation.

Notes & Related Subsidiaries

Editorial Notes

Amendments

1957—Subsec. (c). Pub. L. 85–162 added subsec. (c).

Statutory Notes and Related Subsidiaries

Report With Respect to Renegotiations, Reappraisals, and Sales Proceedings Pub. L. 85–162, title II, § 203, Aug. 21, 1957, 71 Stat. 410, required Atomic Energy Commission, Federal Housing Administration, and Housing and Home Finance Agency to report to Joint Committee by Jan. 31, 1958, with respect to renegotiations, reappraisals, and sales proceedings authorized under subsec. (c) of this section.

§2325 Sales Price