Page:United States Statutes at Large Volume 91.djvu/246

 91 STAT. 212 Fair market value. 42 USC 4001 note.

Funds, availability.

16 USC 460/-8. 16 USC 460/-4.

PUBLIC LAW 95-42—JUNE 10, 1977 (2) Lands identified for acquisition pursuant to paragraph (1) of this subsection which lie within the Big Thompson/North Fork Floodways, designated pursuant to the National Flood Insurance Act of 1968 (82 Stat. 572), as amended, shall be acquired at the fair market value of such lands (not including any improvements thereon) immediately prior to the occurrence of the flood: Provided, That such lands shall (i) be unimproved, or (ii) include structures which have sustained damage amounting to 50 per centum or more of their market value. (3) Lands identified for acquisition pursuant to paragraph (1) of this subsection which are not lands described in paragraph (2) of this subsection shall be acquired at no less than appraised fair market value based on an appraisal of each parcel of such lands approved by the Secretary of Agriculture under the authority of section 11 of the Act of August 3, 1956 (70 Stat. 1034, U.S.C. 428a (a)). (4) Moneys appropriated to carry out this subsection shall be available until expended or until January 1, 1980, whichever is earlier. (b) Notwithstanding any other provision of law, in the case of lands acquired for the Big Thompson/North Fork Canyons Eecreational Lands Acquisition Project in Larimer County, Colorado, for which financial assistance is authorized under section 6(e)(1) of the Land and Water Conservation Fund Act of 1965 (78 Stat. 987, as amended; 16 U.S.C. 4 6 0 1 ^ et seq.), if such lands are located within the Big Thompson/North Fork Flood ways and are (i) unimproved or (ii) include structures which have sustained damage amounting to 50 per centum or more of their market value, such assistance may be provided for an amount equal to the market value of such lands (not including any improvements thereon) immediately prior to the occurrence of the Big Thompson flood of July 31, 1976. Approved June 10, 1977.

LEGISLATIVE HISTORY: HOUSE REPORT No. 95-156 (Comm. on Interior and Insular Affairs). SENATE REPORT No. 95-162 (Comm. on Energy and Natural Resources). CONGRESSIONAL RECORD, Vol. 123 (1977): Apr. 4, considered and passed House. May 18, considered and passed Senate, amended. May 25, House concurred in certain Senate amendments; concurred with amendment in another. May 26, Senate concurred in House amendment. WEEKLY eOMPILATION OF PRESIDENTIAL DOeUMENTS, Vol. 13, No. 25: June 11, Presidential statement.

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