Title 43 — Public LandsRelease 119-90

§2 Untitled Section

Title 43 › Chapter 19— BOUNTY LANDS › § 2

Last updated May 14, 2026|Official source

Summary

The Secretary of the Interior must buy and cancel valid, unpaid military bounty-land warrants at $1.25 per acre if they were issued under the laws repealed by section 1 and are filed under the Act of August 5, 1955 (69 Stat. 534) and its rules. The Secretary will send a purchase offer by registered mail to the holder’s address on file and will pay only after the holder turns in the warrant. If the holder does not turn in the warrant and accept payment within one year after getting the offer, the warrant cannot later be filed under the 1955 Act, used to get land, or used for payment. If the warrant is transferred within that year, the new holder gets either the rest of the original one-year period or six months, whichever is longer, to turn it in and accept payment.

Full Legal Text

Title 43, §2

Public Lands — Source: USLM XML via OLRC

The Secretary of the Interior is hereby authorized and directed to purchase at the rate of $1.25 per acre from the holders thereof and to cancel all valid unsatisfied military bounty land warrants which were issued pursuant to the laws repealed by section 1 of this Act and which are recorded with the Secretary pursuant to, and under the terms and conditions of, the Act of August 5, 1955 (69 Stat. 534) [set out as a note to section 274 of this title], and the regulations issued thereunder. The Secretary will send his offer to purchase by registered mail to the post office address of the holder of record with the Secretary as of the time the offer is made and will require the holder to surrender the warrant as a condition of payment therefor. If the holder of a warrant, within one year from and after receipt of an offer to purchase from the Secretary, shall fail to surrender his warrant and accept payment therefor as provided for in this section, the warrant shall not thereafter be accepted by the Secretary of the Interior for further recordation under the Act of 1955, supra, or as a basis for the acquisition of lands, or for payment under this section: Provided, That if within the one year after receipt of an offer to purchase, the warrant is transferred the transferee shall have the remainder of the one-year period or a period of six months, whichever is the longer, within which to surrender his warrant and accept payment.

Reference

Citations & Metadata

Citation

43 U.S.C. § 2

Title 43 — Public Lands

Last Updated

May 14, 2026

Release point: 119-90