To provide for the release of the reversionary interest held by the United States in certain property located in the County of Iosco, Michigan.
Latest Action
Became Public Law No: 105-59.
Official Summary
Official summary has not been imported yet.
GovScope Watchdog™
AI Government Intelligence™This bill, enacted as Public Law 105-59, provides for the release of the reversionary interest held by the United States in certain property located in Iosco County, Michigan. A reversionary interest is a future interest that the government holds, which can revert ownership of property back to the government under certain conditions. By releasing this interest, the bill effectively removes the federal government's claim to regain ownership of the specified property, allowing for clear title to pass to the current holders or other designated parties.
Public Law 105-59 eliminates the federal government's reversionary interest in specific property in Iosco County, Michigan, clarifying ownership and potentially facilitating local control or development.
- The bill pertains specifically to property located in Iosco County, Michigan.
- It releases the United States' reversionary interest, which is a future claim on the property.
- The law was signed and became effective on October 10, 1997.
['Current property holders or local entities in Iosco County, Michigan, who gain clear title without federal reversionary claims.', 'Local government or community stakeholders who may have interests in the property’s use or development.']
['The bill does not specify oversight or conditions related to the release of the reversionary interest, which could affect future land use or management.', 'Potential loss of federal control over the property may have implications for land conservation or federal land management policies.', 'No detailed cost or funding implications are provided, leaving open questions about fiscal impacts.']
This bill was introduced and passed during the 105th Congress and reflects a legislative action to resolve specific land ownership issues involving federal reversionary interests. It falls within the policy area of Public Lands and Natural Resources, a common subject for congressional bills addressing federal land management and property rights.
Hidden impact flags detected: 1
GovScope reviewed 1 policy-risk categories. Hover for a quick definition. Click detected flags for bill-specific details.
['Clarification of property ownership may facilitate local development or land use planning.', 'Potential reduction in federal land holdings could influence local tax bases or land management strategies.', 'Removal of federal claims might affect future eligibility for federal land conservation programs.']
The bill text and summary lack detailed information on the specific property involved, conditions of the release, or any oversight mechanisms. Transparency about the exact parcels affected and any related agreements would enhance public understanding and oversight. Additionally, the absence of cost or funding details limits assessment of fiscal impacts.
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