Statute

16 U.S.C. § 459f–9

Public utility facilities; purchase of facilities without value to utility; amount of payment

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Statutory text

16 U.S.C. § 459f–9

The Secretary of the Interior is authorized to purchase from a public utility any facilities of that utility which are no longer of value to it as a result of the establishment of the Assateague Island National Seashore and shall pay for such facilities an amount equal to the cost of constructing such facilities less depreciation.