sunset clause

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Sunset Clause

A clause in a law or regulation automatically abolishing that law or regulation after a stated period of time. In order for the law or regulation to continue to have effect, specific action must be taken. A law or regulation without a sunset clause continues indefinitely. The U.S. state of Texas has sunset clauses abolishing nearly every state agency every 12 years unless they are specifically renewed.
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sunset clause

A provision in a sales contract that sets a date for closing and after which the contract will be unenforceable except for provisions related to damages or earnest money refund or retention.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
In Japan, Trump conveyed his basic instinct on Iran, saying he was not interested in regime change, just "no nukes." Trump's only real criterion is doing better than Barack Obama, and that probably means extending the sunset provision on the limits on Iranian enrichment for another 10 to 15 years, out to 2040 or 2045.
A personal representative of an estate of a decedent who dies on or after January 1, 2013, should be aware of the sunset provisions of the 2001 and 2010 tax acts.
And, it indicated that it would not be inclined to include similar review and sunset provisions (Roach, at p 26 and 28).
But the broader point is that not that sunset provisions, or other administrative procedures, will necessarily hinder democratic responsiveness but simply that this is a possibility.
This starting point--that Congress governs the legislative process, if at all, through inherently weak, self-enforced rules--has substantial implications for the scholarly debate over "temporary legislation." Specifically, this Article finds implausible recent claims that legislation enacted with sunset provisions, (4) or temporary legislation, encourages fiscal restraint and deliberative decisionmaking.
So, we decided to see if we could contribute to clearing the air about the state of affairs in which we insurance people find ourselves with the "sunset provisions" as they apply particularly to auto insurance matters.
thereafter (under the sunset provisions of EGTRRA 2001).
Paterson, extends for two years the sunset provisions now applicable to the wild card banking law.
Although this legislation was defeated, some sort of legislation must be adopted because of the 2010 sunset provisions of the current federal estate tax law.
This series of essays present paired essays debating these sunset provisions, as well as other legal issues of national security, including "sneak and peek" search warrants, the proposed REAL I.D.
The elimination of sunset provisions is particularly disturbing.
The bills are quite similar in that they make 14 expiring provisions permanent and extend the sunset provisions on record searches and roving wiretaps for a number of years.