§ 2343. Sales

Statutory text

Notice to priority holders

Where rights of priority have been granted pursuant to the provisions of this chapter to Government-owned property, it shall be offered for sale to priority purchaser by giving notice to those eligible for such priority. Such notice shall (1) be in such manner as the Commission shall prescribe, (2) identify the property to be sold, and (3) state the terms and conditions of sale and the date of the offer which, in the case of occupants of single family or duplex houses, shall expire not less than ninety days after the date of the offer.

Sale of property to highest bidder

Any property (other than church property) classified for sale under section 2331 of this title and offered for sale under section 2342 of this title, as to which no priority right has been conferred, or as to which all priority rights have expired, shall be advertised for sale to the highest bidder, subject to the right of the Commission to reject any or all bids. No bid shall be accepted which is below the appraised value or, in the case of Government-owned single and duplex houses is below 85 per centum of the appraised value.

Disposal of property not sold at auction

As to any property which has not been sold under subsection (b) within ninety days after the first advertisement for sale under such subsection the Commission may make such disposition, on such terms and conditions, as it may deem appropriate.

Church property

Property for use of churches, in respect of which all priority rights have expired, may be disposed of by advertising and competitive bid, or by negotiated sale or other transfer at such prices, terms, and conditions as the Commission shall determine to be fair and equitable.

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. 5, § 53, 69 Stat. 476 · 69 Stat. 476
Enacted · 42 U.S.C. § 2343
Aug. 4, 1955, ch. 543, ch. 5, § 53, 69 Stat. 476
Source evidence
Code source credit
Aug. 4, 1955, ch. 543, ch. 5, § 53, 69 Stat. 476
1961
Pub. L. 87–174 · 75 Stat. 409
Substituted · 42 U.S.C. § 2343(c)
Pub. L. 87–174 substituted “ninety days” for “one year”
Source evidence
Code amendment note
Subsec. (c). Pub. L. 87–174 substituted “ninety days” for “one year”.
1962
Pub. L. 87–719 § 10 · 76 Stat. 664
Struck · 42 U.S.C. § 2343(b)
Pub. L. 87–719, § 10, struck out “, and also subject to the right of an occupant of a Government-owned single family or duplex house to buy such house by paying an amount equal to the highest bid” after “bids” in first sentence
Source evidence
Code amendment note
Subsec. (b). Pub. L. 87–719, § 10, struck out “, and also subject to the right of an occupant of a Government-owned single family or duplex house to buy such house by paying an amount equal to the highest bid” after “bids” in first sentence.
Enacted provision · exact public law section
Sec. 10. The first sentence in section 53 b. is hereby amended by striking everything after the word “bids” and inserting a period at the end thereof.
1962
Pub. L. 87–719 § 11 · 76 Stat. 664
Struck · 42 U.S.C. § 2343(c)
Pub. L. 87–719, § 11, struck out “, but the Commission shall give an occupant of a Government-owned single family or duplex house such further opportunity to purchase such house as shall be fair and equitable”
Source evidence
Code amendment note
Subsec. (c). Pub. L. 87–719, § 11, struck out “, but the Commission shall give an occupant of a Government-owned single family or duplex house such further opportunity to purchase such house as shall be fair and equitable”.
Enacted provision · exact public law section
Sec. 11. Section 53 c. is hereby amended by striking everything after 75 Stat. 409. 42 USC 2343. the word “appropriate” and inserting a period at the end thereof.

2 of 4 references resolved to an enrolled provision · 2 partial

Editorial Notes

Amendments1961–1962 · 2 rounds

1962

Subsec. (b). Pub. L. 87–719, § 10, struck out “, and also subject to the right of an occupant of a Government-owned single family or duplex house to buy such house by paying an amount equal to the highest bid” after “bids” in first sentence.

Subsec. (c). Pub. L. 87–719, § 11, struck out “, but the Commission shall give an occupant of a Government-owned single family or duplex house such further opportunity to purchase such house as shall be fair and equitable”.

1961

Subsec. (c). Pub. L. 87–174 substituted “ninety days” for “one year”.

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

1955–1962 · 3 acts

1955Aug. 4, 1955, ch. 543, ch. 5, § 53, 69 Stat. 476
1961Pub. L. 87–174, Aug. 30, 1961, 75 Stat. 409
1962Pub. L. 87–719, §§ 10, 11, Sept. 28, 1962, 76 Stat. 665.

Show as published

(Aug. 4, 1955, ch. 543, ch. 5, § 53, 69 Stat. 476; Pub. L. 87–174, Aug. 30, 1961, 75 Stat. 409; Pub. L. 87–719, §§ 10, 11, Sept. 28, 1962, 76 Stat. 665.)