§ 390nn. Trusts

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.

1. 1982

   Pub. L. 97–293 title II § 214 · 96 Stat. 1261

   Enacted · 43 U.S.C. § 390nn

   Pub. L. 97–293, title II, § 214, Oct. 12, 1982, 96 Stat. 1270

   Source evidence

   Code source credit
   Pub. L. 97–293, title II, § 214, Oct. 12, 1982, 96 Stat. 1270

   Enacted provision · exact public law section
   Sec. 214. trusts The ownership and full cost pricing limitations of this title and the ownership limitations provided in any other provision of Federal reclamation law shall not apply to lands in a district which are held by an individual or corporate trustee in a fiduciary capacity for a beneficiary or beneficiaries whose interests in the lands served do not exceed the ownership and pricing limitations imposed by Federal reclamation law, including this title.

2. 1987

   Pub. L. 100–203 title V § 5302(b) · 101 Stat. 1330

   1. Amended · 43 U.S.C. § 390nn

      Pub. L. 100–203 designated existing provisions as subsec. (a)

   2. Added · 43 U.S.C. § 390nn

      Pub. L. 100–203 added subsec. (b)

   Source evidence

   Code amendment note
   Pub. L. 100–203 designated existing provisions as subsec. (a) and added subsec. (b).

   Enacted provision · exact public law section
   (b) Revocable Trusts.— Section 214 of the Reclamation Reform Act of 1982 (Public Law 97–293) is amended by inserting “(a)” after 43 USC 390nn. “214” and by adding the following new subsection at the end thereof: “(b) Lands placed in a revocable trust shall be attributable to the grantor if— “(1) the trust is revocable at the discretion of the grantor and revocation results in the title to such lands reverting either directly or indirectly to the grantor; or “(2) the trust is revoked or terminated by its terms upon the expiration of a specified period of time and the revocation or termination results in the title to such lands reverting either directly or indirectly to the grantor.”.

3 of 3 references resolved to an enrolled provision