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B-201382 1 (1983-07-07)

handle is hein.gao/gaobadlem0001 and id is 1 raw text is: THE COMPTROLLER GENERAL DECISION OF THE UNITED STATES ~ ~ WASHINGTOIN. D. C. 20548 FILE: B-201382 DATE: July 7, 1983 MATTER OF: Alexander D. Bell - Relocation Expenses Title Requirements - Land Trust DIGEST: A transferred employee purchased a new residence by way of an installment agree- ment for the assignment of beneficial interest in an Illinois land trust. Upon execution of that agreement, the equitable beneficial interest in the land trust was transferred to the employee. Under Illinois law, the assignment of beneficial interest in a land trust amounts to a sale or conveyance of the property, and the purchaser is treated as the owner for most purposes. The assignment of beneficial interest in an Illinois land trust through an installment agreement effected a Npurchase under 5 U.S.C. S 5724a(a)(4) (Supp. IV 1980). The employee as pur- chaser acquired title under para. 2-6.1c of the Federal Travel Regulations and is entitled to be reimbursed for the payment of his purchase expenses. This decision is in response to a request from Mr. Claude F. Pickelsimer, Jr., Director, Financial Manage- ment Office, Centers for Disease Control, Department of Health and Human Services. Mr. Pickelsimer submitted a travel voucher and supporting documents with his letter, seeking advice as to whether an employee who purchased a residence via an installment agreement for the assignment of beneficial interest in a land trust holds sufficient title under 5 U.S.C. § 5724a(a)(4) (Supp. IV 1980), and implement- ing regulations to allow reimbursement for attorneys' fees paid in conjunction with the purchase. We hold that, for purposes of reimbursement under sec- tion 5724a(a)(4), the installment agreement for the assign- ment of the beneficial interest in the land trust effected the transfer of an equitable ownership of the property which created sufficient title in the employee-purchaser to allow reimbursement of his purchase expenses. In connection with a permanent change of station effec- tive November 1, 1981, from Anchorage, Alaska, to Chicago, O o

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