
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 40USC423]

 
             TITLE 40--PUBLIC BUILDINGS, PROPERTY, AND WORKS
 
       CHAPTER 8--EMERGENCY PUBLIC WORKS AND CONSTRUCTION PROJECTS
 
       SUBCHAPTER II--SLUM CLEARANCE AND LOW COST HOUSING PROJECTS
 
Sec. 423. Payments in lieu of taxes from receipts from projects

    Such payments in lieu of taxes, and any other expenditures for 
operation and maintenance (including insurance) of any low-cost housing 
or slum-clearance project described in section 421 of this title, shall 
be made out of the receipts derived from the operation of such projects. 
To provide for such payments and expenditures the Administrator of 
General Services is authorized from time to time to retain out of such 
receipts such sums as he may estimate to be necessary for such purposes.

(June 29, 1936, ch. 860, Sec. 3, 49 Stat. 2026; 1939 Reorg. Plan No. I, 
Secs. 301, 305, eff. July 1, 1939, 4 F.R. 2729, 53 Stat. 1426, 1428; Ex. 
Ord. No. 9357, eff. June 30, 1943, 8 F.R. 9041; June 30, 1949, ch. 288, 
title I, Sec. 103(a), 63 Stat. 380.)

                          Transfer of Functions

    Functions of Federal Works Agency and of all agencies thereof, 
together with functions of Federal Works Administrator transferred to 
Administrator of General Services by section 103(a) of act June 30, 
1949, which is classified to section 753(a) of this title. Federal Works 
Agency and office of Federal Works Administrator abolished by section 
103(b) of act June 30, 1949.
    Federal Emergency Administration of Public Works consolidated into 
Federal Works Agency to be administered as Public Works Administration 
by Reorg. Plan No. 1 of 1939. Functions of Public Works Administration 
and Commissioner of Public Works in Federal Works Agency transferred to 
Federal Works Administrator by Ex. Ord. No. 9357.

                 Effective Date of Transfer of Functions

    Transfer of functions by act June 30, 1949, effective July 1, 1949, 
see section 605 of act June 30, 1949, set out as an Effective Date note 
under section 471 of this title.
