Payments to States in Lieu of Real Estate Taxes

To compensate local taxing units for the loss of taxes from federally acquired lands, 75 percent of all monies received or deposited in the Treasury during any fiscal year for the account of leasing of lands acquired by the United States for flood control, navigation and allied purposes, including the
development of hydroelectric power, are paid at the end of each year to the States in which such property is situated.
Agency - Department Of Defense

The Department of Defense provides the military forces needed to deter war and protect the security of the United States through five major areas: peacekeeping and war-fighting efforts, Homeland Security, evacuation and humanitarian causes.

Website Address

http://www.usace.army.mil/business.html




Program Accomplishments

Not applicable.

Uses and Use Restrictions

Funds are to be expended as the State legislature may prescribe for the benefit of public schools and public roads of the county in which property is located, or for defraying of the expenses of the county government, including public obligations of levees and drainage districts for flood control and drainage improvements.