§ 8102. Neighborhood Reinvestment Corporation
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/usc/title-42/section-8102A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Establishment There is established a Neighborhood Reinvestment Corporation (hereinafter referred to as the “corporation”) which shall be a body corporate and shall possess the powers, and shall be subject to the direction and limitations specified herein.
(b)Implementation and expansion of demonstration activities The corporation shall implement and expand the demonstration activities carried out by the Urban Reinvestment Task Force.
(c)Principal office The corporation shall maintain its principal office in the District of Columbia or at such other place the corporation may from time to time prescribe.
(d)Exemption from taxation The corporation, including its franchise, activities, assets, and income, shall be exempt from all taxation now or hereafter imposed by the United States, by any territory, dependency, or possession thereof, or by any State, county, municipality, or local taxing authority, except that any real property of the corporation shall be subject to State, territorial, county, municipal, or local taxation to the same extent according to its value as other real property is taxed.
(Pub. L. 95–557, title VI, § 603, Oct. 31, 1978, 92 Stat. 2115; Pub. L. 96–399, title III, § 315(1), Oct. 8, 1980, 94 Stat. 1645.)
Connections2 cite this
Cited by 2 sections
statutes-at-large
- Public Law 96–399To amend and extend certain Federal laws relating to housing, community and neighborhood development and preservation, and related programs, and for other purposes
- Public Law 95–557Oct. 31, 1978[[S. 3084](/us/bill/95/s/3084)]To amend and extend certain Federal laws relating to housing, community, and neighborhood development and preservation, and related programs, and for other purposes. *Be it enacted by the Senate and House of Representatives of the United States of America
5 references not yet in our index
- Pub. L. 95–557, title VI, § 603
- 92 Stat. 2115
- Pub. L. 96–399, title III, § 315(1)
- 94 Stat. 1645
- Pub. L. 96–399
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cites case law
§ 8102
Neighborhood Reinvestment Corporation
Stat.×2
Pub. L.Pub. L. 95–557, title VI, § 603
Stat.92 Stat. 2115
Pub. L.Pub. L. 96–399, title III, § 315(1)
Stat.94 Stat. 1645
Pub. L.Pub. L. 96–399
Cites 5Cited by 2 across 1 source