Page:United States Statutes at Large Volume 90 Part 2.djvu/1196

 90 STAT. 2664

PUBLIC LAW 94-565-~0CT. 20, 1976

than the county acts as the collecting and distributing agency for real property taxes, the payments shall be made to such unit of local government, which shall distribute such payments as provided in this Regulations. subsection. The Secretary may prescribe regulations under which payments may be made to units of local government in any case in which the preceding provisions will not carry out the purposes of this subsection. (b) Payments authorized under this section shall be made on a fiscal year basis beginning with the later of— (1^ the fiscal year beginning October 1, 1976, or (2) the first full fiscal year beginning after the fiscal year in which such lands or interests therein are acquired by the United States. Such payments may be used by the affected local governmental unit for any governmental purpose. (c)(1) The amount of any payment made for any fiscal year to any unit of local government and affected school districts under subsection (a) shall be an amount equal to 1 per centum of the fair market value of such lands and interests therein on the date on which acquired by Rezoned land. the United States. If, after the date of enactment of legislation authorizing any unit of the National Park System or National Forest Wilderness Areas as to which a payment is authorized under subsection (a), rezoning increases the value of the land or any interest therein, the fair market value for the purpose of such payments shall be computed as if such land had not been rezoned. Payment (2) Notwithstanding paragraph (1), the payment made for any limitation. fiscal year to a unit of local government under subsection (a) shall not exceed the amount of real property taxes assessed and levied on such property during the last full fiscal year before the fiscal year in which such land or interest was acquired for addition to the National Park System or National Forest Wilderness Areas. (d) No payment shall be made under this section with respect to any land or interest therein after the fifth full fiscal year beginning after the first fiscal year in which such a payment was made with respect to such land or interest therein. 31 USC 1604. SEC. 4. The provisions of law referred to in section 2 are as follows: (1) the Act of May 23, 1908, entitled "An Act making appropriations for the Department of Agriculture for the fiscal year ending June thirtieth, nineteen hundred and nine" (35 Stat. 251; 16 U.S.C.500); (2) the Act of June 20, 1910, entitled '|An Act to enable the people of New Mexico to form a constitution and State government and be admitted into the Union on an equal footing with the original States, and to enable the people of Arizona to form a constitution and State government and be admitted into the Union on an equal footing with the original States" (36 Stat. 557); (3) section 35 of the Act of February 25, 1920, entitled "An Act to promote the mining of coal, phosphate, oil, oil shale, gas, and sodium on the public domain", commonly known as the "Mineral Lands Leasing Act" (41 Stat. 450; 30 U.S.C. 191); (4) section 17 of the Federal Power Act (41 Stat. 1072: 16 U.S.C. 810); (5) section 10 of the Taylor Grazing Act (48 Stat. 1273; 43 U.S.C. 315i); (6) section 33 of the Bankhead-Jones Farm Tenant Act (50 Stat. 526; 7 U.S.C. 1012);

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