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H.R. 3620IntroducedHouseSenatePresident · nowLawPassed both chambers
Sec. 4 · H.R. 3620

Conditions of conveyance

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No wording changed between Introduced and Committee version.

How the text changed

Introduced → Committee version · Sec. 4

(a) Conditions The conveyance under subsection (a) of section 3— (1) shall be made by warranty deed; and (2) shall not— (A) require any consideration from SCF for the property described in subsection (b) of that section; (B) impose any obligation, term, or condition on SCF relating to that property; or (C) allow for any reversionary interest of the United States in that property. (b) Effect on any quitclaim deed The conveyance by the Secretary under subsection (a) of section 3 by warranty deed shall, on the effective date of the conveyance, supersede, and render of no future effect, any quitclaim deed to the property described in subsection (b) of that section executed by the Secretary and SCF. (c) Easement The Secretary shall be accorded any easement or access to the property conveyed under section 3(a) as may be reasonably necessary to satisfy any retained obligation or liability of the Secretary.

•HR 3620 RHSEC. 4

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