42 U.S.C. · The Public Health and Welfare
42 U.S.C. § 8102

Neighborhood Reinvestment Corporation

Ch. 90 — NEIGHBORHOOD AND CITY REINVESTMENT, SELF-HELP AND REVITALIZATION
Title 42 U.S.C. ● ACTIVE Primary Source Ch. 90
Statutory Text

42 U.S.C. § 8102 — Neighborhood Reinvestment Corporation

U.S.C. Title 42 - THE PUBLIC HEALTH AND WELFARE 42 U.S.C. United States Code, 2023 Edition Title 42 - THE PUBLIC HEALTH AND WELFARE CHAPTER 90 - NEIGHBORHOOD AND CITY REINVESTMENT, SELF-HELP AND REVITALIZATION SUBCHAPTER I - NEIGHBORHOOD REINVESTMENT CORPORATION Sec. 8102 - Neighborhood Reinvestment Corporation From the U.S. Government Publishing Office, www.gpo.gov

§8102. Neighborhood Reinvestment Corporation

(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.)

Editorial Notes

Amendments 1980—Subsec. (a). Pub. L. 96–399 struck out "National" before "Neighborhood".

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 42 U.S.C. § 8102 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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