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[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 1536 Introduced in Senate (IS)]

103d CONGRESS
  1st Session
                                S. 1536

   To amend the Federal Property and Administrative Services Act to 
provide an opportunity for former owners to repurchase real property to 
                   be disposed by the United States.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

            October 7 (legislative day, September 27), 1993

  Mr. Inouye introduced the following bill; which was read twice and 
           referred to the Committee on Governmental Affairs

_______________________________________________________________________

                                 A BILL

 
   To amend the Federal Property and Administrative Services Act to 
provide an opportunity for former owners to repurchase real property to 
                   be disposed by the United States.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. OPPORTUNITY FOR FORMER OWNERS TO REPURCHASE REAL PROPERTY TO 
              BE DISPOSED BY THE UNITED STATES.

    Section 203 of the Federal Property and Administrative Services Act 
of 1949 (40 U.S.C. 484) is amended by adding at the end thereof the 
following new subsection:
    ``(p)(1) Notwithstanding any other provision of this section, no 
property described under paragraph (2) may be disposed under this 
section, unless--
            ``(A) the person who last held title to the real property 
        before the United States acquired title by eminent domain--
                    ``(i) is provided written notice of the intention 
                of the United States to dispose of such real property; 
                and
                    ``(ii) is made a written offer to purchase such 
                real property at the fair market value of such property 
                on the date of such offer; and
            ``(B) within one year after the date on which such person 
        received an offer as provided under subparagraph (A)(ii), such 
        person--
                    ``(i) signs a refusal to purchase such property; or
                    ``(ii) has not entered into a contract with the 
                United States to purchase such property.
    ``(2) The property referred to under paragraph (1) is any real 
property--
            ``(A) which is acquired by the United States by eminent 
        domain; and
            ``(B) of which title was last held by any person other than 
        a Federal, State, or local governmental entity, or foreign 
        governmental entity before such property was so acquired.
    ``(3) The provisions of this subsection shall apply to any real 
property described under paragraph (2) or any part of such property.
    ``(4) The provisions of this subsection shall not apply to any real 
property if--
            ``(A) title was last held by any natural person before 
        being acquired by the United States by eminent domain; and
            ``(B) all such natural persons are deceased before the date 
        on which a contract to repurchase such real property from the 
        United States is entered into.''.

                                 <all>
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