§ 390nn. — Trusts.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 43USC390nn]
TITLE 43--PUBLIC LANDS
CHAPTER 12--RECLAMATION AND IRRIGATION OF LANDS BY FEDERAL GOVERNMENT
SUBCHAPTER I-A--RECLAMATION REFORM
Sec. 390nn. Trusts
(a) The ownership and full cost pricing limitations of this
subchapter and the ownership limitations provided in any other provision
of Federal reclamation law shall not apply to lands in a district which
are held by an individual or corporate trustee in a fiduciary capacity
for a beneficiary or beneficiaries whose interests in the lands served
do not exceed the ownership and pricing limitations imposed by Federal
reclamation law, including this subchapter.
(b) Lands placed in a revocable trust shall be attributable to the
grantor if--
(1) the trust is revocable at the discretion of the grantor and
revocation results in the title to such lands reverting either
directly or indirectly to the grantor; or
(2) the trust is revoked or terminated by its terms upon the
expiration of a specified period of time and the revocation or
termination results in the title to such lands reverting either
directly or indirectly to the grantor.
(Pub. L. 97-293, title II, Sec. 214, Oct. 12, 1982, 96 Stat. 1270; Pub.
L. 100-203, title V, Sec. 5302(b), Dec. 22, 1987, 101 Stat. 1330-269.)
References in Text
Federal reclamation law, referred to in subsec. (a), is defined in
section 390aa of this title.
Amendments
1987--Pub. L. 100-203 designated existing provisions as subsec. (a)
and added subsec. (b).
Section Referred to in Other Sections
This section is referred to in section 390cc of this title.
