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Reversionary Interest Conveyance Act
5/17/2025, 3:08 AM
Summary of Bill HR 952
The specific details of the land in question are not provided in the bill, but it is clear that the United States currently holds a reversionary interest in it. By conveying this interest, the government is essentially relinquishing its right to reclaim ownership of the land in the future.
The purpose of this bill is likely to facilitate the transfer of ownership of the land to another entity, such as a private individual or a local government. This could potentially lead to development or other uses of the land that would benefit the community in Sacramento. Overall, Bill 119 hr 952 is a straightforward piece of legislation that seeks to transfer the reversionary interest of the United States in certain land in Sacramento, California. It is important to note that this summary is based solely on the information provided in the bill itself, and additional details may be available through further research.
Congressional Summary of HR 952
Reversionary Interest Conveyance Act
This bill directs the Bureau of Land Management (BLM) to offer to sell the reversionary interest of the United States in approximately 8.43 acres of land in Sacramento, California, as generally depicted on a specified map dated November 7, 2022. Within two years of receiving a request from the owner of the land, the BLM must offer the reversionary interest and convey the reversionary interest to the buyer upon payment. The payment must be in an amount that is at least the fair market value of the reversionary interest. The buyer must also pay all costs related to the applicable conveyance of the reversionary interest, including all surveys, appraisals, and other administrative costs.
The bill subjects the conveyance to valid existing rights.
The proceeds from the sale must be deposited into Federal Land Disposal Account.
