§ 2322. Appraisal of property

Statutory text

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 until such time as he finds that the appraisal values generally in the community no longer represent the fair market values of the properties.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

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1955
Aug. 4, 1955, ch. 543, ch. 3, § 32, 69 Stat. 474 · 69 Stat. 474
Enacted · 42 U.S.C. § 2322
Aug. 4, 1955, ch. 543, ch. 3, § 32, 69 Stat. 474
Source evidence
Code source credit
Aug. 4, 1955, ch. 543, ch. 3, § 32, 69 Stat. 474
1962
Pub. L. 87–719 § 5 · 76 Stat. 664
Substituted · 42 U.S.C. § 2322
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”
Source evidence
Code amendment note
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”.
Enacted provision · exact public law section
Sec. 5. Section 32 is hereby amended by striking therefrom the third sentence and substituting in lieu thereof the following: “The Federal Housing Commissioner shall be reimbursed from the Community Disposal Operations Fund for the cost of such appraisals.”
1967
Pub. L. 90–19 § 11 · 81 Stat. 17
Substituted · 42 U.S.C. § 2322
Pub. L. 90–19 substituted “Secretary of Housing and Urban Development” for “Federal Housing Commissioner” wherever appearing
Source evidence
Code amendment note
Pub. L. 90–19 substituted “Secretary of Housing and Urban Development” for “Federal Housing Commissioner” wherever appearing.
Enacted provision · exact public law section
Sec. 11. Sections 32 and 62 a. of the Atomic Energy Community Act of 1955 are amended by striking out “Federal Housing Commissioner” 69 Stat. 474; 70 Stat. 653. 42 USC 2322, 2362. Repeal. 69 Stat. 642. 12 USC 1701d–2 note. 42 USC 1491–1497. each place it appears and inserting in lieu thereof “Secretary of Housing and Urban Development”.

2 of 3 references resolved to an enrolled provision · 1 partial

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.

Amendments1962–1967 · 2 rounds

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 sections 5814 and 5841 of this title. See also Transfer of Functions notes set out under those sections.

Credits

1955–1967 · 3 acts

1955Aug. 4, 1955, ch. 543, ch. 3, § 32, 69 Stat. 474
1962Pub. L. 87–719, § 5, Sept. 28, 1962, 76 Stat. 664
1967Pub. L. 90–19, § 11, May 25, 1967, 81 Stat. 23.

Show as published

(Aug. 4, 1955, ch. 543, ch. 3, § 32, 69 Stat. 474; Pub. L. 87–719, § 5, Sept. 28, 1962, 76 Stat. 664; Pub. L. 90–19, § 11, May 25, 1967, 81 Stat. 23.)