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U.S. Code, Title 33, Navigation and Navigable Waters
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General SummaryThe U.S. Code is a consolidation and codification by subject matter of the general and permanent laws of the United States. While every effort has been made to ensure that this reproduction of the Code is accurate, those using it for legal purposes should verify their results against the printed version of the Code available through the Government Printing Office.
§ 527. Acquisition of Interstate Bridges by Public Agencies; Amount of Damages
After the completion of any interstate toll bridge constructed by an individual, firm, or corporation, as determined by the Secretary of Transportation, either of the States in which the bridge is located, or any public agency or political subdivision of either of such States, within or adjoining which any part of such bridge is located, or any two or more of them jointly, may at any time acquire and take over all right, title, and interest in such bridge and its approaches, and any interest in real property for public purposes by condemnation or expropriation. If at any time after the expiration of five years after the completion of such bridge the same is acquired by condemnation or expropriation, the amount of damages or compensation to be allowed shall not include good will, going value, or prospective revenues or profits, but shall be limited to the sum of (1) the actual cost of constructing such bridge and its approaches, less a reasonable deduction for actual depreciation in value; (2) the actual costs of acquiring such interests in real property; (3) actual financing and promotion costs, not to exceed 10 per centum of the sum of the cost of constructing the bridge and its approaches and acquiring such interests in real property; and (4) actual expenditures for necessary improvements.
(Aug. 2, 1946, ch. 753, title V, § 504, 60 Stat. 848; Pub. L. 97–449, § 2(d)(1), Jan. 12, 1983, 96 Stat. 2440.)
1983—Pub. L. 97–449 substituted "Secretary of Transportation" for "Secretary of War". See Transfer of Functions note below.
Transfer of Functions
Section 6(g)(6)(C) of Pub. L. 89–670 transferred functions, powers, and duties of Secretary of the Army [formerly War] and other offices and officers of Department of the Army [formerly War] under this subchapter to extent that they relate generally to location and clearances of bridges and causeways in navigable waters of United States to Secretary of Transportation. Pub. L. 97–449 amended this section to reflect transfer made by section 6(g)(6)(C) of Pub. L. 89–670, and repealed section 6(g)(6)(C).
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Chicago: "U.S. Congress, Office of the Law Revision Counsel", "§ 527. Acquisition of Interstate Bridges by Public Agencies; Amount of Damages," U.S. Code, Title 33, Navigation and Navigable Waters in U.S. Code, Title 33, Navigation and Navigable Waters (Washington, D.C.: Government Printing Office, 2002), Original Sources, accessed April 26, 2024, http://www.originalsources.com/Document.aspx?DocID=4WW7JIU7ZD7XBK6.
MLA: "U.S. Congress, Office of the Law Revision Counsel". "§ 527. Acquisition of Interstate Bridges by Public Agencies; Amount of Damages." U.S. Code, Title 33, Navigation and Navigable Waters, in U.S. Code, Title 33, Navigation and Navigable Waters, Washington, D.C., Government Printing Office, 2002, Original Sources. 26 Apr. 2024. http://www.originalsources.com/Document.aspx?DocID=4WW7JIU7ZD7XBK6.
Harvard: "U.S. Congress, Office of the Law Revision Counsel", '§ 527. Acquisition of Interstate Bridges by Public Agencies; Amount of Damages' in U.S. Code, Title 33, Navigation and Navigable Waters. cited in 2002, U.S. Code, Title 33, Navigation and Navigable Waters, Government Printing Office, Washington, D.C.. Original Sources, retrieved 26 April 2024, from http://www.originalsources.com/Document.aspx?DocID=4WW7JIU7ZD7XBK6.
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