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Code · BILL · 113th Congress · H.R. 4435 (Reported in House) — To authorize appropriations for fiscal year 2015 for military activities of the Department of Defense and for militar... · Sec. 565

Sec. 565. Amendments to the Impact Aid Improvement Act of 2012

317 words·~1 min read·/bill/113/hr/4435/rh/section-565

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Section 563(c) of National Defense Authorization Act for Fiscal Year 2013 ( Public Law 112–239 ; 126 Stat. 1748; 20 U.S.C. 6301 note) is amended— in paragraph (1)— by striking 2-year and inserting 4-year ; and by inserting before the period at the end the following, , except that amendment made by subsection
(b)to subparagraph
(B)of section 8002(b)(3) of the Elementary and Secondary Education Act of 1965 ( ; and 20 U.S.C. 7702(b)(3)(B) ) shall be effective for a 2-year period beginning on the date of enactment of this Act in paragraph (4)— by striking The amendments and inserting the following: The amendments ; by inserting and subparagraph
(B)of this paragraph after subsection
(b); by striking 2-year and inserting 4-year ; by inserting and such subparagraph after such subsection each place it appears; and by adding at the end the following: For the period beginning January 3, 2015, and ending January 2, 2017, subparagraph
(B)of section 8002(b)(3) of the Elementary and Secondary Education Act of 1965 ( 20 U.S.C. 7702(b)(3)(B) ) is amended to read as follows: In the case of Federal property eligible under this section that is within the boundaries of two or more local educational agencies that are eligible under this section, any of such agencies may ask the Secretary to calculate (and the Secretary shall calculate) the taxable value of the eligible Federal property that is within its boundaries by— first calculating the per-acre value of the eligible Federal property separately for each eligible local educational agency that shares the Federal property, as provided in subparagraph (A)(ii); then averaging the resulting per-acre values of the eligible Federal property from each eligible local educational agency that shares the Federal property; and then applying the average per-acre value to determine the total taxable value of the eligible Federal property under subparagraph (A)(iii) for the requesting local educational agency. . .
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  • Pub. L. 112-239
  • 126 Stat. 1748
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Sec. 565
Amendments to the Impact Aid Improvement Act of 2012
U.S.C.§ 6301
U.S.C.§ 7702
Pub. L.Pub. L. 112-239
Stat.126 Stat. 1748
Cites 4Cited by 0 across 0 sources
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