
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: 42USC8102]

 
                 TITLE 42--THE PUBLIC HEALTH AND WELFARE
 
     CHAPTER 90--NEIGHBORHOOD AND CITY REINVESTMENT, SELF-HELP AND 
                             REVITALIZATION
 
           SUBCHAPTER I--NEIGHBORHOOD REINVESTMENT CORPORATION
 
Sec. 8102. Neighborhood Reinvestment Corporation


(a) Establishment

    There is established a Neighborhood Reinvestment Corporation 
(hereinafter referred to as the ``corporation'') which shall be a body 
corporate and shall possess the powers, and shall be subject to the 
direction and limitations specified herein.

(b) Implementation and expansion of demonstration activities

    The corporation shall implement and expand the demonstration 
activities carried out by the Urban Reinvestment Task Force.

(c) Principal office

    The corporation shall maintain its principal office in the District 
of Columbia or at such other place the corporation may from time to time 
prescribe.

(d) Exemption from taxation

    The corporation, including its franchise, activities, assets, and 
income, shall be exempt from all taxation now or hereafter imposed by 
the United States, by any territory, dependency, or possession thereof, 
or by any State, county, municipality, or local taxing authority, except 
that any real property of the corporation shall be subject to State, 
territorial, county, municipal, or local taxation to the same extent 
according to its value as other real property is taxed.

(Pub. L. 95-557, title VI, Sec. 603, Oct. 31, 1978, 92 Stat. 2115; Pub. 
L. 96-399, title III, Sec. 315(1), Oct. 8, 1980, 94 Stat. 1645.)


                               Amendments

    1980--Subsec. (a). Pub. L. 96-399 struck out ``National'' before 
``Neighborhood''.
