
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 16USC460m-2]

 
                         TITLE 16--CONSERVATION
 
   CHAPTER 1--NATIONAL PARKS, MILITARY PARKS, MONUMENTS, AND SEASHORES
 
             SUBCHAPTER LXX--OZARK NATIONAL SCENIC RIVERWAYS
 
Sec. 460m-2. Reservation of use and occupancy of improved 
        property for noncommercial residential purposes; term; valuation
        
    Any owner or owners, including beneficial owners (hereinafter in 
this section referred to as ``owner''), of improved property on the date 
of its acquisition by the Secretary may, as a condition to such 
acquisition, retain the right of use and occupancy of the improved 
property for noncommercial residential purposes for a term ending at the 
death of such owner, or the death of his spouse, or at the death of the 
survivor of either of them. The owner shall elect the term to be 
reserved. The Secretary shall pay to the owner the fair market value of 
the property on the date of such acquisition less the fair market value 
on such date of the right retained by the owner.

(Pub. L. 88-492, Sec. 3, Aug. 27, 1964, 78 Stat. 608.)
