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Selling Federal Future Claim Rights on Sacramento Land: Full Ownership for Citizens.

This law allows current owners of specific parcels in Sacramento, California, to purchase the federal government's right to reclaim the land in the future (the 'reversionary interest'). This action grants the current owners full, unrestricted title to their property, removing potential federal claims. Owners must pay the full fair market value of this interest plus all associated administrative costs.
Key points
Allows owners of approximately 8.43 acres of land in Sacramento to buy out the federal government's future claim on their property.
Buyers must pay the fair market value for the reversionary interest, determined by appraisal, and cover all transaction costs (e.g., surveys, appraisals).
Proceeds from the sale will be deposited into the Federal Land Disposal Account for use in federal land management.
The Act does not diminish existing railroad rights-of-way associated with the Southern Pacific Transportation Company.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_8946
Sponsor: Rep. Matsui, Doris O. [D-CA-7]
Process start date: 2024-07-08
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Reversionary Interest Conveyance Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_8946.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-07-08.

What are the main provisions?

Key points include:

  • Allows owners of approximately 8.43 acres of land in Sacramento to buy out the federal government's future claim on their property.
  • Buyers must pay the fair market value for the reversionary interest, determined by appraisal, and cover all transaction costs (e.g., surveys, appraisals).
  • Proceeds from the sale will be deposited into the Federal Land Disposal Account for use in federal land management.
  • The Act does not diminish existing railroad rights-of-way associated with the Southern Pacific Transportation Company.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Matsui, Doris O. [D-CA-7].

What is the latest detailed status?

The latest detailed status is: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H7285)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Real Estate Economy