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2026-07-06 10:51:44 -04:00

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LegalText 26 U.S.C. § 7810 Revolving fund for redemption of real property us united_states_code code_section 26 INTERNAL REVENUE CODE 80 GENERAL RULES 7810 26 U.S.C. § 7810 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc26@119-100.zip /us/usc/t26/s7810 data/legal/raw/us/code/title-26/usc26.xml a5c23bcc057b6ffa775abdb3647073ead46b6991fba7c1f68f0c8254699c5e1e a261f094809116f42a96648a3d5eee80fa010379d67412551c21dd5c900b27f4 2852cfc5940746a1c13ba766a46fb4b7cb19f31f0a37167d349b4beeab9b5233 2026-07-04 official
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26 U.S.C. § 7810 - Revolving fund for redemption of real property

Text

(a) Establishment of fund There is established a revolving fund, under the control of the Secretary, which shall be available without fiscal year limitation for all expenses necessary for the redemption (by the Secretary) of real property as provided in section 7425(d) and section 2410 of title 28 of the United States Code. There are authorized to be appropriated from time to time such sums (not to exceed $10,000,000 in the aggregate) as may be necessary to carry out the purposes of this section.

(b) Reimbursement of fund The fund shall be reimbursed from the proceeds of a subsequent sale of real property redeemed by the United States in an amount equal to the amount expended out of such fund for such redemption.

(c) System of accounts The Secretary shall maintain an adequate system of accounts for such fund and prepare annual reports on the basis of such accounts.

(Added Pub. L. 89719, title I, § 112(a), Nov. 2, 1966, 80 Stat. 1145; amended Pub. L. 94455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834; Pub. L. 98369, div. A, title IV, § 443, July 18, 1984, 98 Stat. 816.)

Notes

Editorial Notes

Amendments1984—Subsec. (a). Pub. L. 98369 substituted “$10,000,000” for “$1,000,000”. 1976—Pub. L. 94455 struck out “or his delegate” after “Secretary” wherever appearing.

Statutory Notes and Related Subsidiaries

Effective DateSection applicable after Nov. 2, 1966, regardless of when title or lien of United States arose or when lien or interest of another person was acquired, with certain exceptions, see section 114(a)(c) of Pub. L. 89719, set out as an Effective Date of 1966 Amendment note under section 6323 of this title.