§2201.5. Exchanges at approximately equal value.
43 C.F.R. § 2201.5
The authorized officer may exchange lands that are of approximately equal value when it is determined that:
The exchange is in the public interest and the consummation of the proposed exchange will be expedited;
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 approved by the authorized officer;
The Federal and non-Federal lands are substantially similar in location, acreage, use, and physical attributes; and
There are no significant elements of value requiring complex analysis.
The authorized officer shall determine that the Federal and non-Federal lands are approximately equal in value and shall document how the determination was made.
Notes, amendments, and revision history
Authority
Authority: 43 U.S.C. 1716, 1740.
Source
Source: 46 FR 1638, Jan. 6, 1981, unless otherwise noted.