Amended 1976
- 1976 Pub. L. 94-455 Pub. L. 94–455 struck out “or his delegate” after “Secretary” wherever appearing.
(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.
Amended 1984
- 1984 Pub. L. 98-369 Pub. L. 98–369 substituted “$10,000,000” for “$1,000,000”.
(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.