H.R.952 - Reversionary Interest Conveyance Act (119th Congress)
Summary
H.R.952, the Reversionary Interest Conveyance Act, directs the Secretary of the Interior, via the Bureau of Land Management, to convey the United States' reversionary interest in approximately 8.43 acres of land in Sacramento, California, to the current landowners. This conveyance is contingent upon the landowners requesting it and paying fair market value, as determined by an appraisal adhering to federal standards. The proceeds from the sale will be deposited into the Federal Land Disposal Account and used in accordance with the Federal Land Transaction Facilitation Act.
Expected Effects
The Act will transfer ownership rights of the specified land in Sacramento from the US government to the current landowners, granting them full control over the property. This transfer is subject to existing rights-of-way, particularly those of the Southern Pacific Transportation Company. The transfer does not validate claims arising from adverse possession not previously confirmed by the Southern Pacific Transportation Company.
Potential Benefits
- Clearer property rights for landowners, potentially increasing property value.
- Revenue generation for the federal government through the sale of the reversionary interest.
- Streamlined land management by reducing federal oversight of the specified parcel.
- Potential for economic development on the land due to clarified ownership.
- The funds generated are designated for the Federal Land Disposal Account, supporting other land management activities.
Potential Disadvantages
- Potential loss of public access or use of the land, depending on future development by the new owners.
- Risk of undervaluation during the appraisal process, leading to a loss of potential revenue for the government.
- Administrative burden on the Bureau of Land Management to process the conveyance.
- Limited applicability, as it only affects a specific parcel of land in Sacramento.
- Possible environmental impacts if the new owners develop the land without proper environmental considerations.
Constitutional Alignment
The Act appears to align with the Constitution, particularly Article IV, Section 3, Clause 2, which grants Congress the power to dispose of and regulate territory or other property belonging to the United States. The requirement for fair market value ensures that the government receives just compensation for the conveyed interest. The Act doesn't appear to infringe on any individual rights or liberties protected by the Bill of Rights.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).