Pub. L. 90-596, tit. III, sec. 305

Pub. L. 90-596, tit. III, sec. 305

EnactedYear: 1968Length: 345 wordsOfficial source
Sec. 305. (a) The owner of property abutting public space in which any vault is located, us such owner may be recorded in the real estate assessment records of the District, shall pay the rent established in accordance with this title for such vault. Such rent shall be payable annually for the year commencing July 1 and ending the following June 30, and shall be payable in full prior to the beginning of such year. In the case of vaults constructed between July 1 and January 1 of any year, one-half of the annual rent for any such vault, shall be payable in full prior to the first of January immediately following the completion of such vault. In the case of vaults constructed between January 1 and July I of the succeeding year, no rent shall be charged for any vault completed within such period, but the owner of the property abutting the public space in which such vault is located shall, prior to the first of July immediately following the completion of any such vault, pay in full the annual rent for such vault, for the rental year commencing on such July 1. Interest at the rate of 1 per centum for each month or part thereof shall be charged in every case in which rent is not paid on or before the date on which any payment required by this section shall become due. (b) In the event the Commissioner requires or allows any person using subsurface public space under the authority of this title to vacate, voluntarily or involuntarily, all or part of tiny space for which rent has been paid, the Commissioner is authorized to refund so much of such prepaid rent as may be represented by the amount of space so vacated and by the length of time remaining in the period for which rent was paid: Provided, That the Commissioner may deduct from such prepayment any amount due the District in compensation for 82 Stat. 1160expenses to the District in connection with the use or abandonment of said space.
Pub. L. 90-596, tit. III, sec. 305 | Justis AI