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Current as of January 01, 2018 | Updated by FindLaw Staff
(a) Minimum charge.--Subject to section 142(f), a State shall charge, at a minimum, fair market value for the sale, use, lease, or lease renewal (other than for utility use and occupancy or for a transportation project eligible for assistance under this title) of real property acquired with Federal assistance made available from the Highway Trust Fund (other than the Mass Transit Account).
(b) Exceptions.--The Secretary may grant an exception to the requirement of subsection (a) for a social, environmental, or economic purpose.
(c) Use of Federal share of income.--The Federal share of net income from the revenues obtained by a State under subsection (a) shall be used by the State for projects eligible under this title.
Cite this article: FindLaw.com - 23 U.S.C. § 156 - U.S. Code - Unannotated Title 23. Highways § 156. Proceeds from the sale or lease of real property - last updated January 01, 2018 | https://codes.findlaw.com/us/title-23-highways/23-usc-sect-156.html
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