Page:United States Statutes at Large Volume 80 Part 1.djvu/1181

 80 STAT. ] (d)

PUBLIC LAW 89-719-NOV. 2, 1966

1145

CLERICAL AMENDMENTS. —

(1) The heading of subchapter B of chapter 76 is amended to read as f o l l o w s:

"Subchapter B—Proceedings by Taxpayers and Third Parties" (2) The t a b l e of sections for subchapter B of chapter 76 is amended by striking out "Sec. 7424. Civil action to clear title to property. "Sec. 7425. Cross references." and inserting i n lieu thereof "Sec. 7424, Intervention. "Sec. 7425. Discharge of liens. "Sec. 7426. Civil actions by persons other than taxpayers. "Sec. 7427. Cross references." (3) The t a b l e of subchapter s for chapter 76 is amended by striking out "SUBCHAPTER B. Proceedings by Taxpayers." and inserting in lieu thereof "SUBCHAPTER B. Proceedings by Taxpayers and Third Parties." SEC. 111. SALE OF PROPERTY ACQUIRED BY UNITED STATES. (a)

P E R S O N A L PROPERTY A C Q U I R E D. — S e c t i o n 7 5 0 5 (a)

(relating to

26 USC^'7505^'

sale of p e r s o n a l property purchase d by the United States) is amended by striking o u t " purchase d by the United States under the authority of section 6335(e) ( r e l a t i n g to purchase for the account of the United States of property sold under l e v y) " and inserting in lieu the r e o f " a c q u i r e d by the United States in payment of o r as security for debts a r i s i n g under the i n t e r n a l revenue laws ". (b)

K E A L PROPERTY R E D E E M E D. — S e c t i o n 7 5 0 6 (a)

(relating to per-

son c h a r g e d w i t h administration of real estate acquired by the United States) is amended by striking o u t " for the payment of such debt s, " and inserting in lieu thereof " for the payment of such debts, o r which has been redeemed by the United States, ". (c) CLERICAL AMENDMENTS. —

(1) The heading of section 7505 is amended by striking o u t "PURCHASED" and inserting in lieu thereof "ACQUIRED"; (2) The table of sections for chapter 77 is amended by striking out "Sec. 7505. Sale of personal property purchased by the United States." and inserting in lieu thereof "Sec. 7505. Sale of personal property acquired by the United States." SEC. 112. FUND FOR REDEMPTION OF REAL PROPERTY BY UNITED STATES. (a)

C R E A T I O N o r F U N D FOR R E D E M P T I O N o r R E A L PROPERTY. — S u b -

chapter A of chapter 80 ( r e l a t i n g to application of i n t e r n a l revenue ^gno^^^ ^^°^' laws) is amended by a d d i n g at the end thereof the following new 7809. section: "SEC. 7810. REVOLVING FUND FOR REDEMPTION OF REAL PROPERTY. " (a) ESTABLISHMENT o r F U N D. — The r e is established a r e v o l v i n g f u n d, under the control of the Secretary or his delegate, which s h a l l be available w i t h o u t fiscal year l i m i t a t i o n for all expenses necessary for the r e d e m p t i o n (by the Secretary or his delegate) of real property

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