Pub. L. 88-164, tit. I, pt. B, sec. 124

recovery

EnactedYear: 1963Length: 216 wordsOfficial source
recovery Sec. 124. If any facility with respect to which funds have been paid under this part shall, at any time within twenty years after the completion of construction— (1) be sold or transferred to any person, agency, or organization which is not qualified to file an application under this part, or (2) cease to be a public or other nonprofit facility for the mentally retarded, unless the Secretary determines, in accordance with regulations, that there is good cause for releasing the applicant or other owner from the obligation to continue such facility as a public or other nonprofit facility for the mentally retarded, the United States shall be entitled to recover from either the transferor or the transferee (or, in the ease of a. facility which has ceased to be a public or other nonprofit facility for the mentally retarded, from the owners thereof) an amount bearing the same ratio to the then value (as determined by the agreement of the parties or by action brought in the district court of the United States for the district in which the facility is situated) of so much of the facility as constituted an approved project or projects, as the amount of the Federal participation bore to the cost of the construction of such project or projects.
Pub. L. 88-164, tit. I, pt. B, sec. 124: recovery | Justis AI