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12 U.S.C. § 1701u — Payments in lieu of taxes; limitations; exemption from taxation

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

12 U.S.C. § 1701u — Payments in lieu of taxes; limitations; exemption from taxation

**(a)** The Secretary is authorized to make payments in lieu of taxes on any real property to which title has been or is hereafter acquired by him in fee under [section 1748b of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1748b&num=0&edition=prelim) as effective prior to August 11, 1955, and on which taxes or payments in lieu of such taxes were payable or paid prior to acquisition by the Secretary. Such payments may be made in connection with tax years occurring prior to or subsequent to October 5, 1962. The amount of any such payments shall not exceed taxes on similar property and shall not include interest or penalties. If the Secretary has acquired or hereafter acquires title in fee to real property by foreclosure or by transfer from some other department or agency of the Government or otherwise during a tax year, he may make a payment in lieu of taxes prorated for that portion of the year remaining after his acquisition of title. This subsection shall not authorize any lien against property held by the Secretary, nor the payment of any tax, nor any payment in lieu of any tax, on any interest of the Secretary as lessee or mortgagee. **(b)** Nothing in this subchapter shall be construed to exempt any real property which has been or is hereafter acquired and held by the Secretary under section 1748h–1 or 1748h–2 of this title from taxation by any State or political subdivision thereof, to the same extent, according to its value, as other real property is taxed.

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Stable record: federal_law:legal_authorities:record_usc_761689d883c5edf28183d789
Source file: Laws/federal/codes/united-states-code/title-12/section-1701u-payments-in-lieu-of-taxes-limitations-exemption-from-taxation--2f1ef61e57.md
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Source location: Title 12, Chapter 13, § 1701u; chapter-013-national-housing.md

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**(a)** The Secretary is authorized to make payments in lieu of taxes on any real property to which title has been or is hereafter acquired by him in fee under [section 1748b of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1748b&num=0&edition=prelim) as effective prior to August 11, 1955, and on which taxes or payments in lieu of such taxes were payable or paid prior to acquisition by the Secretary. Such payments may be made in connection with tax years occurring prior to or subsequent to October 5, 1962. The amount of any such payments shall not exceed taxes on similar property and shall not include interest or penalties. If the Secretary has acquired or hereafter acquires title in fee to real property by foreclosure or by transfer from some other department or agency of the Government or otherwise during a tax year, he may make a payment in lieu of taxes prorated for that portion of the year remaining after his acquisition of title. This subsection shall not authorize any lien against property held by the Secretary, nor the payment of any tax, nor any payment in lieu of any tax, on any interest of the Secretary as lessee or mortgagee. **(b)** Nothing in this subchapter shall be construed to exempt any real property which has been or is hereafter acquired and held by the Secretary under section 1748h–1 or 1748h–2 of this title from taxation by any State or political subdivision thereof, to the same extent, according to its value, as other real property is taxed.

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

12 U.S.C. § 1748b — Repealed. Pub. L. 101–73, title IV, § 407, Aug. 9, 1989, 103 Stat. 363

### Statutory Notes Section 1724, acts June 27, 1934, ch. 847, title IV, § 401, 48 Stat. 1255; July 16, 1952, ch. 883, 66 Stat. 727; July 28, 1959, Pub. L. 86–112, 73 Stat. 262; Oct. 16, 1966, Pub. L. 89–695, title III, § 302(a), 80 Stat. 1055; Dec. 23, 1969, Pub. L. 91–151, title I, § 8(a)(1), 83 Stat. 375; Oct. 28, 1974, Pub. L. 93–495, title I, §§ 101(b)(1), 103(a)(1), 88 Stat. 1501, 1503; Mar. 31, 1980, Pub. L. 96–221, title III, § 308(b)(1)(A), 94 Stat. 147, defined terms used in this subchapter. Section 1725, acts June 27, 1934, ch. 847, title IV, § 402, 48 Stat. 1256; May 28, 1935, ch. 150, § 22, 49 Stat. 298; 1947 Reorg. Plan No. 3, eff. July 29, 1947, 12 F.R. 4981, 61 Stat. 954; July 3, 1948, ch. 825, § 2, 62 Stat. 1240; June 27, 1950, ch. 369, §§ 5, 6, 64 Stat. 258; Aug. 2, 1954, ch. 649, title V, § 501(1), title VIII, § 802(b), 68 Stat. 633, 642; June 11, 1960, Pub. L. 86–507, § 1(12), 74 Stat. 200; Aug. 16, 1973, Pub. L. 93–100, § 4, 87 Stat. 343; Oct. 28, 1974, Pub. L. 93–495, title I, § 105(d), 88 Stat. 1504; Oct. 28, 1977, Pub. L. 95–147, § 2(b), 91 Stat. 1227; Oct. 15, 1982, Pub. L. 97–320, title I, § 125(a), (b), title III, § 314, 96 Stat. 1485, 1499; Aug. 10, 1987, Pub. L. 100–86, title III, §§ 304, 306(b), (i), 101 Stat. 597, 601, 603, related to creation of Federal Savings and Loan Insurance Corporation. Section 1726, acts June 27, 1934, ch. 847, title IV, § 403, 48 Stat. 1257; May 28, 1935, ch. 150, §§ 23, 24, 49 Stat. 298; July 14, 1952, ch. 723, § 10(a)(5), 66 Stat. 604; Aug. 11, 1955, ch. 783, title I, § 111, 69 Stat. 641; Sept. 2, 1964, Pub. L. 88–560, title IX, § 901(b), 78 Stat. 804; July 24, 1970, Pub. L. 91–351, title VII, § 707, 84 Stat. 463; Oct. 28, 1974, Pub. L. 93–495, title I, § 105(a), 88 Stat. 1503; Nov. 10, 1978, Pub. L. 95–630,

Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1748b

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

29 U.S.C. § 2801 — Repealed. Pub. L. 113–128, title V, § 511(a), July 22, 2014, 128 Stat. 1705

### Statutory Notes Section, Pub. L. 105–220, title I, § 101, Aug. 7, 1998, 112 Stat. 939; Pub. L. 105–244, title I, § 102(d)(1), Oct. 7, 1998, 112 Stat. 1622; Pub. L. 105–332, § 3(f), Oct. 31, 1998, 112 Stat. 3126; Pub. L. 106–400, § 2, Oct. 30, 2000, 114 Stat. 1675; Pub. L. 107–110, title X, § 1076(w), Jan. 8, 2002, 115 Stat. 2093; Pub. L. 109–270, § 2(h)(1), (2), Aug. 12, 2006, 120 Stat. 747; Pub. L. 110–234, title IV, § 4002(b)(1)(B), (E), (2)(R), May 22, 2008, 122 Stat. 1096, 1097; Pub. L. 110–246, § 4(a), title IV, § 4002(b)(1)(B), (E), (2)(R), June 18, 2008, 122 Stat. 1664, 1857, 1858, defined terms. See [section 3102 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title29-section3102&num=0&edition=prelim). Provisions similar to those formerly contained in this section were contained in [section 1503 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title29-section1503&num=0&edition=prelim) prior to repeal by Pub. L. 105–220. #### Effective Date of Repeal Repeal effective on the first day of the first full program year after July 22, 2014 (July 1, 2015), see section 506 of Pub. L. 113–128, set out as an Effective Date note under [section 3101 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title29-section3101&num=0&edition=prelim). #### Short Title of 2007 Amendment Pub. L. 110–140, title X, § 1001, Dec. 19, 2007, 121 Stat. 1748, provided that: “This title [amending [section 2916 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title29-section2916&num=0&edition=prelim)] may be cited as the ‘Green Jobs Act of 2007’.” #### Short Title of 2006 Amendment Pub. L. 109–281, § 1, Sept. 22, 2006, 120 Stat. 1173, provided that: “This Act [enacting [section 2918

Source: Supplied U.S. Code snapshot — release unconfirmed · 29 U.S.C. § 2801

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

42 U.S.C. § 3608 — Administration

**(a) Authority and responsibility** The authority and responsibility for administering this Act shall be in the Secretary of Housing and Urban Development. **(b) Assistant Secretary** The Department of Housing and Urban Development shall be provided an additional Assistant Secretary. **(c) Delegation of authority; appointment of administrative law judges; location of conciliation meetings; administrative review** The Secretary may delegate any of his functions, duties, and powers to employees of the Department of Housing and Urban Development or to boards of such employees, including functions, duties, and powers with respect to investigating, conciliating, hearing, determining, ordering, certifying, reporting, or otherwise acting as to any work, business, or matter under this subchapter. The person to whom such delegations are made with respect to hearing functions, duties, and powers shall be appointed and shall serve in the Department of Housing and Urban Development in compliance with sections 3105, 3344, 5372, and 7521 of title 5. Insofar as possible, conciliation meetings shall be held in the cities or other localities where the discriminatory housing practices allegedly occurred. The Secretary shall by rule prescribe such rights of appeal from the decisions of his administrative law judges to other administrative law judges or to other officers in the Department, to boards of officers or to himself, as shall be appropriate and in accordance with law. **(d) Cooperation of Secretary and executive departments and agencies in administration of housing and urban development programs and activities to further fair housing purposes** All executive departments and agencies shall administer their programs and activities relating to housing and urban development (inclu

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

12 U.S.C. § 1701u — Economic opportunities for low- and

Page 472 TITLE 12—BANKS AND BANKING § 1701u 1 See References in Text note below. there should be the fullest practicable utiliza- tion of the resources and capabilities of private enterprise and of individual self-help techniques. (Pub. L. 90–448, § 2, Aug. 1, 1968, 82 Stat. 476.) Editorial Notes REFERENCES IN TEXT This Act, referred to in text, is Pub. L. 90–448, Aug. 1, 1968, 82 Stat. 476, known as the Housing and Urban Development Act of 1968. For complete classification of this Act to the Code, see Short Title of 1968 Amend- ments note set out under section 1701 of this title and Tables. CODIFICATION Section was enacted as part of the Housing and Urban Development Act of 1968, and not as part of the Na- tional Housing Act which comprises this chapter. Statutory Notes and Related Subsidiaries LIMITATION ON WITHHOLDING OR CONDITIONING OF ASSISTANCE Assistance provided for in Housing and Community Development Act of 1974, National Housing Act, United States Housing Act of 1937, Housing Act of 1949, Dem- onstration Cities and Metropolitan Development Act of 1966, and Housing and Urban Development Acts of 1965, 1968, [see Short Title notes set out under section 1701 of this title], 1969, and 1970 not to be withheld or made subject to conditions by reason of tax-exempt status of obligations issued or to be issued for financing of as- sistance, except as otherwise provided by law, see sec- tion 817 of Pub. L. 93–383, set out as a note under sec- tion 5301 of Title 42, The Public Health and Welfare. NATIONAL ADVISORY COMMISSION ON LOW INCOME HOUSING Pub. L. 90–448, title I, § 110, Aug. 1, 1968, 82 Stat. 497, established the National Advisory Commission on Low Income Housing; provided for the appointment of mem- bers and the filling of vacancies;

Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 1701u

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