§ 90b-2. — Owner's retention of right of use and occupancy for agricultural, residential, or commercial purposes for life or term of years; transfer or assignment of right; termination of use and occupancy for a contrary use and upon payment of sum for unexpired right.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 16USC90b-2]
TITLE 16--CONSERVATION
CHAPTER 1--NATIONAL PARKS, MILITARY PARKS, MONUMENTS, AND SEASHORES
SUBCHAPTER X--NORTH CASCADES NATIONAL PARK
Sec. 90b-2. Owner's retention of right of use and occupancy for
agricultural, residential, or commercial purposes for life or
term of years; transfer or assignment of right; termination of
use and occupancy for a contrary use and upon payment of sum for
unexpired right
Any owner of property acquired by the Secretary which on the date of
acquisition is used for agricultural or single-family residential
purposes, or for commercial purposes which he finds are compatible with
the use and development of the park or the recreation areas, may, as a
condition of such acquisition, retain the right of use and occupancy of
the property for the same purposes for which it was used on such date,
for a period ending at the death of the owner or the death of his
spouse, whichever occurs later, or for a fixed term of not to exceed
twenty-five years, whichever the owner may elect. Any right so retained
may during its existence be transferred or assigned. Any right so
retained may be terminated by the Secretary at any time after the date
upon which any use of the property occurs which he finds is a use other
than one which existed on the date of acquisition. In the event the
Secretary terminates a right of use and occupancy under this section, he
shall pay to the owner of the right the fair market value of the portion
of said right which remains unexpired on the date of termination.
(Pub. L. 90-544, title III, Sec. 303, Oct. 2, 1968, 82 Stat. 928.)
