Sec. 10. **[**[40 U.S.C. 879](/us/usc/t40/s879)**]**
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## Sec. 10 **[**[40 U.S.C. 879](/us/usc/t40/s879)**]** ###
(a)Since the exercise of the powers granted by this Act will be in all respects for the benefit of the people, the Corporation is hereby declared to be devoted to an essential public and governmental function and purpose and shall be exempt from all taxes and special assessments of every kind of the United States and of the District of Columbia. ###
(b)To the end that the District of Columbia may not suffer undue loss of tax revenue by reason of the provisions of subsection (a), the Corporation, in connection with any real property acquired and owned by the Corporation in carrying out the provisions of this Act shall pay to the District of Columbia government an amount equal to the amount of the real property tax which would have been payable to the District of Columbia government beginning on the date of acquisition of such real property by the Corporation if legal title to such property had been held by a private citizen on such date and during all periods to which such date relates.
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- 40 USC 879
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Sec. 10
**[**[40 U.S.C. 879](/us/usc/t40/s879)**]**
Cite40 USC 879
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