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42 U.S.C. § 2362 — Financing by Commission

Federal law — U.S. Code and appendices · legal_authorities

42 U.S.C. § 2362 — Financing by Commission

Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 2362

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Stable record: federal_law:legal_authorities:record_usc_3a9fac47aa34d3eecf4b84c7
Source file: Laws/federal/codes/united-states-code/title-42/section-2362-financing-by-commission--cdb4565a6c.md
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Source location: Title 42, Chapter 24, § 2362; chapter-024-disposal-of-atomic-energy-communities.md

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**(a) Acceptance of residential property notes** In the event that the Commission finds that financing on reasonable terms is not available from other sources, the Commission may, in order to facilitate the sale of residential property under subchapter IV of this chapter, accept, in partial payment of the purchase price of any such property notes secured by first mortgages on such terms and conditions as the Commission shall deem appropriate. In the case of houses and apartment buildings, the maturity and percentage of appraised value in connection with such notes and mortgages shall not exceed those prescribed under [section 1715n(a) of title 12](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1715n/a&num=0&edition=prelim), and the interest rate shall equal the interest rate plus the premium being charged (and any periodic service charge being authorized by the Secretary of Housing and Urban Development for properties of similar character) under [section 1715n(a) of title 12](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1715n/a&num=0&edition=prelim), at the effective date of such notes and mortgages. **(b) Advances** In connection with the sale of residential property financed under subsection (a) of this section, the Commission is authorized to make advances for necessary repairs, or for the rehabilitation, modernization, rebuilding or enlargement of single and duplex residential properties to priority purchasers, and to include such advances in the amount of the note secured by the mortgage on such property. **(c) Acceptance of commercial property notes** In the event that the Commission finds that financing on reasonable terms is not available from other sources, the Commission may, in order to facilitate the sale of commercial property under subchapter IV of this chapter, accept, in partial payment of the purchase price of any commercial property notes secured by first mortgages on such terms and conditions as the Commission shall deem appropriate. **(d) Sale of notes and mortgages** The Commission may sell any notes and mortgages acquired under subsections (a) and (c) of this section on terms set by the Commission. Notwithstanding any other provisions of law and without regard to the provisions of [section 6101 of title 41](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title41-section6101&num=0&edition=prelim), the Commission may, in accordance with such terms and conditions as it may prescribe, (1) enter into contracts for servicing any of the notes and mortgages it has acquired, and (2) sell or enter into contracts to sell to a servicer any notes and mortgages with respect to which a servicing contract has been entered into by the servicer with the Commission: Provided, That with respect to sales of notes and mortgages under (2) the Commission shall comply with [section 6101 of title 41](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title41-section6101&num=0&edition=prelim) unless it determines that such compliance would not be feasible.

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Federal law — U.S. Code and appendices · legal_authorities

41 U.S.C. § 6101 — Advertising requirement for Federal Government purchases and sales

**(a) Definitions.—** In this section— (1) **Appropriation.—** — The term “appropriation” includes amounts made available by legislation under [section 9104 of title 31](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section9104&num=0&edition=prelim). (2) **Federal government.—** — The term “Federal Government” includes the government of the District of Columbia. **(b) Purchases.—** (1) **In general.—** — Unless otherwise provided in the appropriation concerned or other law, purchases and contracts for supplies or services for the Federal Government may be made or entered into only after advertising for proposals for a sufficient time. (2) **Limitations on applicability.—** — Paragraph (1) does not apply when— (A) the amount involved in any one case does not exceed $25,000; (B) public exigencies require the immediate delivery of articles or performance of services; (C) only one source of supply is available and the Federal Government purchasing or contracting officer so certifies; or (D) services are required to be performed by a contractor in person and are— (i) of a technical and professional nature; or (ii) under Federal Government supervision and paid for on a time basis. **(c) Sales.—** Except when otherwise authorized by law or when the reasonable value involved in any one case does not exceed $500, sales and contracts of sale by the Federal Government are governed by the requirements of this section for advertising. **(d) Application to Wholly Owned Government Corporations.—** For wholly owned Government corporations, this section applies only to administrative transactions.

Source: Supplied U.S. Code snapshot — release unconfirmed · 41 U.S.C. § 6101

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Federal law — U.S. Code and appendices · legal_authorities

42 U.S.C. § 2311 — Community Disposal Operations Fund

**(a) Establishment** There is established as of June 30, 1956, a Community Disposal Operations Fund, and the Commission (or the head of such agency as may be carrying out the sales and financing functions of the Commission pursuant to a delegation by the President under [section 2313 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section2313&num=0&edition=prelim)) is authorized to credit said fund with all moneys hereafter obtained or now held by it and to account under said fund for all assets and liabilities held or acquired by it in connection with its sales and financing functions under this chapter, and to make temporary advances to such fund, from any other funds available for expenses of operations of such Commission or agency, as may be required to carry out such functions pending the realization of sufficient proceeds under the provisions of this chapter: Provided, That any such advances shall be repaid to the source appropriation or fund, to the extent of any unobligated balances available in the Community Disposal Operations Fund, prior to the close of the fiscal year during which such advances are made. **(b) Availability** The Community Disposal Operations Fund shall be available to pay for all necessary costs, expenses (including administrative expenses), losses or obligations incurred in connection with the aforesaid functions, including expenses incident to sale, or other transfer and any financing under [section 2362 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section2362&num=0&edition=prelim), indemnities under sections 2363 to 2366 of this title, and expenses authorized by [section 2310 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-sect

Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 2311

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Federal law — U.S. Code and appendices · legal_authorities

42 U.S.C. § 2348 — Priority sale of apartment houses

**(a) Grantees eligible; priorities; applicability of deduction, financing and indemnity provisions** The Commission is authorized at Los Alamos to grant to occupants project-connected persons, and persons residing in the community both at the time of offering of an apartment house for sale and for the preceding six months, and to any of the foregoing persons acting together, such priority interests and priority rights for the purchase of the apartment house as the Commission determines to be fair and reasonable: Provided, That a first priority right to purchase may be granted only to an occupant or a group of occupants, or an assignee (whose membership or ownership is composed of occupants, or project-connected persons, or persons residing in the community both at the time of offering of an apartment house for sale and for the preceding six months, or any of the foregoing persons) of the priority interests of such occupants, who or which has obtained the priority interest of at least 60 per centum of the occupants of the apartment house: Provided further, That a second priority right to purchase may be granted only to an entity whose membership or ownership consists of occupants, or project-connected persons, or persons residing in the community both at the time of offering of an apartment house for sale and for the preceding six months, or any of the foregoing persons (provided that such entity has obtained the priority interest of at least one occupant), and whose membership or ownership equals in number, and occupies or agrees to occupy, at least 70 per centum of the housing units in the apartment house. The 15 per centum deduction specified by [section 2325(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section2325/a&num=0&ed

Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 2348

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Federal law — U.S. Code and appendices · legal_authorities

42 U.S.C. § 2362 — Financing by Commission

Page 5594 TITLE 42—THE PUBLIC HEALTH AND WELFARE § 2361 ized, without regard to the provisions of section 6101 of title 41, to lease land, and to sell, lease, including leases with options to purchase, and otherwise dispose of improvements thereon, and such equipment and other personal property as is determined to be directly related thereto, in the Commission’s Hanford project in and near Richland, Washington, upon a determination by the Commission that such disposition will serve to prevent or reduce the adverse economic im- pact of actual or anticipated reductions in Com- mission programs in that area: Provided, how- ever, That the compensation to the Government for any such disposition shall be the estimated fair market value or estimated fair rental value of the property as determined by the Commis- sion: Provided further, That before the Commis- sion makes any disposition of property under the authority of this section, the basis for the proposed disposition (with necessary back- ground and explanatory data) shall be submitted to the Committee on Energy and Natural Re- sources of the Senate and the Committee on En- ergy and Commerce of the House of Representa- tives, and a period of forty-five days shall elapse while Congress is in session (in computing such forty-five-days, there shall be excluded the days on which either House is not in session because of adjournment of more than three days): Pro- vided, however, That those Committees, after having received the basis for the proposed dis- position, may by resolution in writing waive the conditions of, or all or any portion of, such forty-five-day period. (Aug. 4, 1955, ch. 543, ch. 11, § 120, as added Pub. L. 88–394, § 4, Aug. 1, 1964, 78 Stat. 376; amended Pub. L. 103–437, § 15(i),

Source: Supplied 2024 U.S. Code historical extraction · 42 U.S.C. § 2362

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