To release the reversionary interest of the United States in certain non-Federal land in Salt Lake City, Utah, and for other purposes.
Source: Congress.gov ·
285 words in original text
What This Bill Does
This bill releases the reversionary interest (the right the federal government has to take back property under certain conditions) that the United States holds in certain land owned by the University of Utah in Salt Lake City. The land is transferred to the University of Utah at no cost.
Who It Affects
The University of Utah is directly affected by this bill.
Key Provisions
• The United States releases its reversionary interest in non-Federal land to the University of Utah without any payment required (Sec. 1(a))
• The land being released consists of approximately 593 acres of University of Utah property identified in a specific patent document numbered 43-99-0012 from October 18, 1968, and includes certain land tracts in Salt Lake City (Sec. 1(b))
What Changes
If this bill becomes law, the University of Utah will own the specified approximately 593 acres of land without the federal government having the ability to reclaim it through reversionary interest provisions.
Important Definitions
Reversionary interest: The right the federal government retains to take back or reclaim property that was granted to another party.
Non-Federal land: Property that is not owned by the federal government.
Important: This plain English summary was generated by AI and is provided for informational purposes only.
It is not legal advice. Always consult the official bill text on Congress.gov
or a qualified attorney for legal matters.