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LegalText 42 U.S.C. § 2366 Conditions of indemnity; purchase of property by Commission us united_states_code code_section 42 THE PUBLIC HEALTH AND WELFARE 24 DISPOSAL OF ATOMIC ENERGY COMMUNITIES 2366 42 U.S.C. § 2366 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc42@119-100.zip /us/usc/t42/s2366 data/legal/raw/us/code/title-42/usc42.xml 2e6391199771dfc4c8ab71ab607b4009478dbbdeb67d94eb3473f4790f804af9 644321055a08eb1f260a6a3e31ac157fa024756abf612a9fd6857e7e400cf24e 7153c877003b44c7a1602b340ea6d4ae1afa2bc7875c20dd86d1e5e4b7d6c8f4 2026-07-04 official
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42 U.S.C. § 2366 - Conditions of indemnity; purchase of property by Commission

Text

The Commission shall make the indemnity payment specified by section 2365 of this title only if the Commission receives a notice from the then owner of the property that he is about to sell the property for a sum less than the unpaid balance of the real or hypothetical loan calculated pursuant to such section. Such payment shall be made only if—

(a) notice is given to the Commission at a time when the conditions of section 2364 of this title are satisfied;

(b) the sale is made within such time as the Commission may prescribe and in a manner which the Commission determined to afford adequate assurance of a fair price without excessive costs; and

(c) the Commission is given such prior notice of the sale and such opportunity to become a purchaser as it shall prescribe.

In such circumstances the Commission is authorized to purchase the property. Sales pursuant to this section and payment by the Commission of such amount, if any, as is owing pursuant to sections 2363 to 2366 of this title shall end the obligation of the Commission under sections 2363 to 2366 of this title with respect to that property.

(Aug. 4, 1955, ch. 543, ch. 6, § 66, 69 Stat. 479.)

Notes

Statutory Notes and Related Subsidiaries

Transfer of Functions Atomic Energy Commission abolished and functions transferred by sections 5814 and 5841 of this title. See also Transfer of Functions notes set out under those sections.