Page:United States Statutes at Large Volume 80 Part 1.djvu/1182

 1146

Ante, p. 1141. Post, p. 1147.

68A Stat. 918.

PUBLIC LAW 89-719-NOV. 2, 1966

[80 STAT.

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 $1,000,000 in the aggregate) as may be necessary to carry out the purposes of this section. " (b) REIMBURSEMENT or 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 or his delegate shall maintain an adequate system of accounts for such fund and prepare annual reports on the basis of such accounts." (^b) DEPOSIT OF MoNEY RECEIVED.—Section 7809 (relating to deposit of collections) is amended by striking out "and 7654," in subsection (a) and inserting in lieu thereof "7654, and 7810,"; and by amending subsection (b) — (1) by striking out "and" at the end of paragraph (2), (2) by striking out the period at the end of paragraph (3) and inserting in lieu thereof "; and", and (3) by inserting after paragraph (3) the following new paragraph: " (4) SURPLUS PROCEEDS I N SALES OF REDEEMED PROPERTY.—Sur-

plus proceeds in any sale under section 7506 of real property redeemed by the United States, after making allowance for the amount of the tax, interest, penalties, and additions thereto, and for the costs of sale." (c) CLERICAL AMENDMENT.—The table of sections for subchapter A of chapter 80 is amended by adding at the end thereof the following: "Sec. 7810. Revolving fund for redemption of real property." SEC. 113. EFFECT OF JUDGMENT ON TAX LIEN AND LEVY. (a) L I E N NOT MERGED I N JUDGMENT.—Section 6322 (relating to

period of lien) is amended by inserting after "liability for the aihount so assessed" the following: " (or a judgment against the taxpayer arising out of such liability)". (b) LEVY.—Section 6502(a) (relating to length of period for collection after assessment) is amended by adding at the end thereof the following new sentence: "The period provided by this subsection during which a tax may be collected by levy shall not be extended or curtailed by reason of a judgment against the taxpayer." SEC, 114. EFFECTIVE DATE. (a) GENERAL RULE.—Except as otherwise provided, the amendments made by this title shall apply after the date of enactment of this Act, regardless of when a lien or a title of the United States arose or when the lien or interest of any other person was acquired. (b) EXCEPTIONS.—The amendments made by this title shall not apply in any case— (1) in which a lien or a title derived from enforcement of a lien held by the United States has been enforced by a civil action or suit which has become final by judgment, sale, or agreement before the date of enactment of this Act; or (2) in which such amendments would— (A) impair a priority enjoyed by any person (other than the United States) holding a lien or interest prior to the date of enactment of this Act;

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