Page:United States Statutes at Large Volume 81.djvu/609

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[81 STAT. 575]
[81 STAT. 575]
PUBLIC LAW 90-000—MMMM. DD, 1968

81 STAT.]

PUBLIC LAW 90-190-DEC. 14, 1967

575

Public Law 90-190 AN ACT

To amend the Atomic Energy Connnunity Act of 1955. as amended, the Atomic Energy Act of 1954, as amended, and the P]URAT()]M Cooperation Act of 1958, a s amended.

December 14, 1967

[S. 2644]

Be it enacted by the Senate and Floufse of Representatives of the United States of America in Congress assembled. That section 58 of co'^munuy Xcf of the Atomic Energy Community Act of 1.955, as amended, is amended 1955, amendment. to read as follows: \\ Jg^^- ^g^g " SEC. 58. PRIORITY SALE OF APARTMENT HOUSES.—

"a. The Commission is authorized at Los Alamos to grant to occupants, project-connected persons, and persons residing in the community both at the time of offering of an apartment house for sale and for the preceding six months, and to any of the foregoing persons acting together, such priority interests and priority rights for the purchase of the apartment house as the Commission determines to be fair and reasonable: Provided, That a first priority right to purchase may be granted only to an occupant or a group of occupants, or an assignee (whose membership or ownership is composed of occupants, or projectconnected persons, or persons residing in the community both at the time of offering of an apartment house for sale and for the preceding six months, or any of the foregoing persons) of the priority interests of such occupants, who or which has obtained the priority interest of at least 60 per centum of the occupants of the apartment house: Provided further, That a second priority right to purchase may be granted only to an entity whose membership or ownership consists of occupants, or project-connected persons, or persons residing in the community both at the time of offering of an apartment house for sale and for the preceding six months, or any of the foregoing persons (provided that such entity has obtained the priority interest of at least one occupant), and whose membership or ownership equals in number, and occupies or agrees to occupy, at least 70 per centum of the housing units in the apartment house. The 15 per centum deduction specified by subsection 35 a., the deduction provided by subsection 36 d., the financing provisions of section 62, and the indemnity provided by sections 63, 64, 65, and 66 shall be applicable to such priority sales of apartment ^2 u*sc 2325^^^' houses. Priority interests granted by the Commission under this section 2326, 2352- 2j66. shall be transferable as the Commission may by rule or regulation prescribe, but no priority right to purchase shall be transferred except as provided by section 43. 42 USC 2333. "b. Any occupant who does not participate in the purchase of an apartment house with respect to which a priority right to purchase has been granted shall be entitled, at the time of sale by the Commission, to a lease for occupancy of his housing unit for a period not to exceed fifteen months from the date the property was first offered for sale: Provided, That the occupant makes application for such a lease within 30 days of the grant of such priority to purchase. In selling any apartment house with respect to which a lease executed under this section is in effect, the Commission is authorized to provide for the purchaser to assume any or all obligations of the lessor. The Commission in such event shall guarantee the lessee's performance of the lease. "c. Persons who have purchased, either individually or jointly with other persons, a single-family house or duplex house (or a singlefamily unit in a duplex house) at Los Alamos pursuant to a priority right under this Act shall not be eligible to participate in the priority purchase of an apartment house. "d. The Commission is authorized to prescribe by rule or regulation such other conditions as it may find necessary or desirable for 85-622 0-68—39