StacksVerified U.S. federal law reference

23 U.S.C. § 156 — Proceeds from the sale or lease of real property

Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov ↗
  1. (a)Minimum ChargeSubject to section 142(f), a State shall charge, at a minimum, fair market value for the sale, use, lease, or lease renewal (other than for utility use and occupancy or for a transportation project eligible for assistance under this title) of real property acquired with Federal assistance made available from the Highway Trust Fund (other than the Mass Transit Account).
  2. (b)ExceptionsThe Secretary may grant an exception to the requirement of subsection (a) for a social, environmental, or economic purpose.
  3. (c)Use of Federal Share of IncomeThe Federal share of net income from the revenues obtained by a State under subsection (a) shall be used by the State for projects eligible under this title.