Reversionary Interest Conveyance Act
Sacramento Land: Federal Interest Sale
Legislative Progress
Key Points
- This bill allows the federal government to sell its remaining legal rights to about 8.4 acres of land in Sacramento, California. These rights, known as 'reversionary interests,' mean the government could technically take the land back if it stopped being used for specific purposes like railroads.
- The current owners of the land can ask to buy out the government's interest. This would give the owners full control over their property without the risk of the government claiming it in the future.
- The land must be sold for its fair market value, which is the price a normal buyer would pay on the open market. The owners are also responsible for paying all administrative costs, including land surveys and professional appraisals.
- The money collected from these sales will be put into a special federal account. This money is used by the government to manage other public lands and handle land transactions.
- The bill protects existing railroad rights. It ensures that the land used for tracks remains at least 50 feet wide on each side of the center of the main tracks.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Committee on Energy and Natural Resources. Ordered to be reported without amendment favorably.
The committee approved this bill and is sending it to the full chamber for a vote. This is a significant step — most bills never get this far.
Committee on Energy and Natural Resources Subcommittee on Public Lands, Forests, and Mining. Hearings held.
Received in the Senate and Read twice and referred to the Committee on Energy and Natural Resources.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Motion to reconsider laid on the table Agreed to without objection.
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H1982)
The House fast-tracked this bill — limited debate, no amendments allowed, but needs two-thirds support to pass.
Votes
No votes have been recorded for this legislation yet.
News
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Source Information
Document Type
Congressional Bill
Official Title
Reversionary Interest Conveyance Act
Data Sources
Sponsor
Analysis generated by AI. Always verify with official sources.