---
kind: "section"
citation: "36 C.F.R. § 254.11"
title: "36"
number: "254.11"
heading: "Exchanges at approximately equal value."
url: "https://uscodex.org/cfr/36/254.11"
---

# §254.11. Exchanges at approximately equal value.

- (a) The authorized officer may exchange lands which are of approximately equal value upon a determination that:
  - (1) The exchange is in the public interest and the consummation of the proposed exchange will be expedited;
  - (2) The value of the lands to be conveyed out of Federal ownership is not more than $150,000 as based upon a statement of value prepared by a qualified appraiser and accepted by an authorized officer;
  - (3) The Federal and non-Federal lands are substantially similar in location, acreage, use, and physical attributes; and
  - (4) **There are no significant elements of value requiring complex analysis.**
- (b) The authorized officer, not the non-Federal party, determines whether the Federal and non-Federal lands are approximately equal in value and must document how the determination was made.

## Notes

### Authority

Authority: 7 U.S.C. 428a(a) and 1011; 16 U.S.C. 484a, 485, 486, 516, 551, 555a; 43 U.S.C. 1701, 1715, 1716, 1740.

### Source

Source: 59 FR 10867, Mar. 8, 1994, unless otherwise noted.