
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 16USC406d-3]

 
                         TITLE 16--CONSERVATION
 
   CHAPTER 1--NATIONAL PARKS, MILITARY PARKS, MONUMENTS, AND SEASHORES
 
               SUBCHAPTER XLIX--GRAND TETON NATIONAL PARK
 
Sec. 406d-3. Compensation for tax losses; limitation on annual 
        amount
        
    (a) In order to provide compensation for tax losses sustained as a 
result of any acquisition by the United States, subsequent to March 15, 
1943, of privately owned lands, together with any improvements thereon, 
located within the exterior boundary of the Grand Teton National Park 
established by this subchapter and sections 431a, 451a, 482m, 673b, and 
673c of this title, payments shall be made to the State of Wyoming for 
distribution to the county in which such lands are located in accordance 
with the following schedule of payments: For the fiscal year in which 
the land has been or may be acquired and nine years thereafter there 
shall be paid an amount equal to the full amount of annual taxes last 
assessed and levied on the land, together with any improvements thereon, 
by public taxing units in such county, less any amount, to be determined 
by the Secretary of the Interior, which may have been paid on account of 
taxes for any period falling within such fiscal year. For each 
succeeding fiscal year, until twenty years elapse, there shall be paid 
on account of such land an amount equal to the full amount of taxes 
referred to in the preceding sentence, less 5 per centum of such full 
amount for each fiscal year, including the year for which the payment is 
to be made: Provided, That the amount payable under the foregoing 
schedule for any fiscal year preceding the first full fiscal year 
following September 14, 1950, shall not become payable until the end of 
such first full fiscal year.
    (b) As soon as practicable after the end of each fiscal year, the 
amount then due for such fiscal year shall be computed and certified by 
the Secretary of the Interior, and shall be paid by the Secretary of the 
Treasury: Provided, That such amount shall not exceed 25 per centum of 
the fees collected during such fiscal year from visitors to the Grand 
Teton National Park established by this subchapter and sections 431a, 
451a, 482m, 673b, and 673c of this title, and the Yellowstone National 
Park. Payments made to the State of Wyoming under this section shall be 
distributed to the county where the lands acquired from private 
landowners are located and in such manner as the State of Wyoming may 
prescribe.

(Sept. 14, 1950, ch. 950, Sec. 5, 64 Stat. 851.)


                       Repeal of Inconsistent Laws

    Repeal of laws inconsistent with act Sept. 14, 1950, see note set 
out under section 406d-1 of this title.
