(1) contribute toward the costs of local government in amounts not in excess of those which it would be obligated to pay that government if it were not exempt from taxation by virtue of subsection (a) or by virtue of its being a charitable and nonprofit corporation; and
(2) agree to contribute with respect to property transferred to it and the income derived from the property if the agreement is a condition of the transfer.
|Source (U.S. Code)||Source (Statutes at Large)|
|101118||16 U.S.C. 19l.||Pub. L. 90–209, §8, Dec. 18, 1967, 81 Stat. 657.|
In subsection (b), the words "in the discretion of its directors" are omitted as unnecessary.
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