§ 2361. Contract to purchase by priority purchaser

Statutory text

The Commission may, in the sale of any single-family or duplex house to a priority purchaser, enter into a contract to purchase which provides that the purchaser shall conclude his purchase within not more than three years after the date the contract is entered into. Such contracts to purchase shall provide for such periodic payments, including payments on account of principal, interest, or tax equivalents, as the Commission shall prescribe.

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. 6, § 61, 69 Stat. 478.) · 69 Stat. 478
Enacted · 42 U.S.C. § 2361
(Aug. 4, 1955, ch. 543, ch. 6, § 61, 69 Stat. 478.)
Source evidence
Code source credit
(Aug. 4, 1955, ch. 543, ch. 6, § 61, 69 Stat. 478.)

0 of 1 references resolved to an enrolled provision · 1 partial

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

(Aug. 4, 1955, ch. 543, ch. 6, § 61, 69 Stat. 478.)