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Court OpinionsState LawsAlabama US Code1 USC - General Provisions US Constitution |
29 USC 2943 - Transfer of Federal equity in State employment security real property to the StatesLegal Research Home > US Code > Labor > 29 USC 2943 - Transfer of Federal equity in State employment security real property to the States Sec. 2943. Transfer of Federal equity in State employment security real property to the States(a)Transfer of Federal equity Notwithstanding any other provision of law, any Federal equity acquired in real property through grants to States awarded under title III of the Social Security Act (42 U.S.C. 501 et seq.) or under the Wagner-Peyser Act (29 U.S.C. 49 et seq.) is transferred to the States that used the grants for the acquisition of such equity. The portion of any real property that is attributable to the Federal equity transferred under this section shall be used to carry out activities authorized under this Act, the Wagner-Peyser Act (29 U.S.C. 49 et seq.), or title III of the Social Security Act (42 U.S.C. 501 et seq.). Any disposition of such real property shall be carried out in accordance with the procedures prescribed by the Secretary and the portion of the proceeds from the disposition of such real property that is attributable to the Federal equity transferred under this section shall be used to carry out activities authorized under this Act, the Wagner-Peyser Act, or title III of the Social Security Act. (b) Limitation on use A State shall not use funds awarded under this Act, the Wagner-Peyser Act [29 U.S.C. 49 et seq.], or title III of the Social Security Act [42 U.S.C. 501 et seq.] to amortize the costs of real property that is purchased by any State on or after February 15, 2007. Sections: Previous 2936 2937 2938 2939 2940 2941 2942 2943 2944 2945 3001 3002 3003 3004 3005 Next Last modified: July 21, 2011 |
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