H.R.952 - Reversionary Interest Conveyance Act (119th Congress)
Summary
H.R. 952, the Reversionary Interest Conveyance Act, directs the Secretary of the Interior, via the Bureau of Land Management, to convey the United States' reversionary interest in approximately 8.43 acres of land in Sacramento, California, to the current landowners. This conveyance is contingent upon a request from the landowner (buyer) 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 Act will transfer ownership rights of the specified land in Sacramento from the US government to the current landowners. This will eliminate any reversionary interest held by the United States. The landowners will gain full control over their property.
Potential Benefits
- Clearer Property Rights: Landowners gain full ownership, reducing uncertainty.
- Potential for Development: Full ownership may encourage investment and development of the land.
- Revenue Generation: The sale generates revenue for the Federal Land Disposal Account.
- Administrative Efficiency: Simplifies land management by removing federal reversionary interests.
- Local Economic Boost: Increased property values and potential development can stimulate the local economy.
Potential Disadvantages
- Loss of Federal Control: The US government relinquishes its future interest in the land.
- Potential for Environmental Impact: Development could have negative environmental consequences if not properly managed.
- Limited Public Benefit: The primary beneficiaries are the current landowners, with limited direct benefits to the general public.
- Fair Market Value Concerns: Appraisal process could be subject to manipulation, potentially undervaluing the land.
- Loss of Potential Future Public Use: The land could have been used for public purposes in the future if the reversionary interest was retained.
Constitutional Alignment
The Act 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 Act provides a specific process for conveying the land, including appraisal and payment of fair market value, which suggests a responsible use of this power. There are no apparent conflicts with individual rights or other constitutional provisions.
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).