Internal Revenue Code (Title 26 U.S.C.)
26 U.S.C. § 7810
Revolving fund for redemption of real property
# (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.
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Nearby sections (25 sections)
- 7703 · Determination of marital status
- 7704 · Certain publicly traded partnerships treated as corporations
- 7705 · Certified professional employer organizations
- 7801 · Authority of Department of the Treasury
- 7802 · Internal Revenue Service Oversight Board
- 7803 · Commissioner of Internal Revenue; other officials
- 7804 · Other personnel
- 7805 · Rules and regulations
- 7806 · Construction of title
- 7807 · Rules in effect upon enactment of this title
- 7808 · Depositaries for collections
- 7809 · Deposit of collections
- 7810 · Revolving fund for redemption of real property
- 7811 · Taxpayer Assistance Orders
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- 7851 · Applicability of revenue laws
- 7852 · Other applicable rules
- 7871 · Indian tribal governments treated as States for certain purposes
- 7872 · Treatment of loans with below-market interest rates
- 7873 · Income derived by Indians from exercise of fishing rights
- 7874 · Rules relating to expatriated entities and their foreign parents
- 8001 · Authorization
- 8002 · Membership
- 8003 · Election of chairman and vice chairman
- 8004 · Appointment and compensation of staff