Fabio
76b8ec33a7
Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
36 lines
1.9 KiB
Markdown
36 lines
1.9 KiB
Markdown
---
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type: "LegalText"
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title: "16 U.S.C. § 460m–2"
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description: "Reservation of use and occupancy of improved property for noncommercial residential purposes; term; valuation"
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jurisdiction: "us"
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corpus: "united_states_code"
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kind: "code_section"
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title_number: 16
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title_name: "CONSERVATION"
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chapter_number: "1"
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chapter_name: "NATIONAL PARKS, MILITARY PARKS, MONUMENTS, AND SEASHORES"
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section: "460m–2"
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citation: "16 U.S.C. § 460m–2"
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status: "current"
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release_point: "119-100"
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release_date: "2026-06-26"
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source: "official"
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source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc16@119-100.zip"
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source_identifier: "/us/usc/t16/s460m–2"
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source_file: "data/legal/raw/us/code/title-16/usc16.xml"
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source_hash: "edeac7b240b0c362c916322ade4acc6a2fa0786b3a20ae702b0ed3338b68f3ed"
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raw_snapshot_hash: "7be8950da5a93cac7c98e4576ce00340f2aba5e8e46d29915382c203c421d503"
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text_hash: "ffe38a294896aae89f1d05c1c6292ada74b4479a87714c4e9b71dde05d253203"
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retrieved_at: "2026-07-04"
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confidence: "official"
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tags: ["legal", "us-code"]
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---
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# 16 U.S.C. § 460m–2 - Reservation of use and occupancy of improved property for noncommercial residential purposes; term; valuation
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## Text
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Any owner or owners, including beneficial owners (hereinafter in this section referred to as “owner”), of improved property on the date of its acquisition by the Secretary may, as a condition to such acquisition, retain the right of use and occupancy of the improved property for noncommercial residential purposes for a term ending at the death of such owner, or the death of his spouse, or at the death of the survivor of either of them. The owner shall elect the term to be reserved. The Secretary shall pay to the owner the fair market value of the property on the date of such acquisition less the fair market value on such date of the right retained by the owner.
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(Pub. L. 88–492, § 3, Aug. 27, 1964, 78 Stat. 608.)
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