Rural Electrification Administration Payment of Taxes

B-108401: Apr 7, 1952

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The Rural Electrification Administration requests decision on the facts and circumstances described if they may pay certain delinquent taxes on property sold by the Administration to the Ocracoke Electric Membership Corporation.

It appears that the amount of such taxes properly may be viewed as having been included in the consideration received by the United States from the purchaser and you are advised that no objection will be made by the Office if such tax lien now be discharged by the Administration, or, if discharged by the Corporation, a credit for such amount by given on any installments which presently may be due on the outstanding notes of the corporation held by the Government.