H.R.952 - Reversionary Interest Conveyance Act (119th Congress)
Summary
H.R.952, the Reversionary Interest Conveyance Act, directs the Secretary of the Interior, through the Bureau of Land Management, to convey the reversionary interest of the United States in approximately 8.43 acres of land in Sacramento, California, to the current landowners. This conveyance is contingent upon a request from the landowner and payment of fair market value, as determined by an appraisal. 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 bill would transfer the US government's reversionary interest in the specified land to the current owners. This would give the owners full control of the land. The federal government would receive fair market value for the interest, which would be used for other land transactions.
Potential Benefits
- Simplifies land ownership for current owners, potentially increasing property value.
- Generates revenue for the federal government through the sale of the reversionary interest.
- Streamlines land management by reducing federal oversight of the specified parcel.
- Could facilitate development or improvements on the land by removing uncertainty about future ownership.
- Ensures fair market value is received for the government's interest, benefiting taxpayers.
Potential Disadvantages
- Potential loss of future control or use of the land by the federal government.
- Possible environmental impacts if the new owners develop the land without proper environmental considerations.
- Limited benefit to the general public, as it primarily benefits the current landowners.
- The act does not address potential negative impacts of development on the land.
- The act does not provide specific details on how the funds will be used, reducing transparency.
Most Disadvantaged Areas:
Constitutional Alignment
The bill 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. There are no apparent infringements on individual rights or liberties.
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).