---
kind: "section"
citation: "43 C.F.R. § 2201.5"
title: "43"
number: "2201.5"
heading: "Exchanges at approximately equal value."
url: "https://uscodex.org/cfr/43/2201.5"
---

# §2201.5. Exchanges at approximately equal value.

- (a) The authorized officer may exchange lands that are of approximately equal value when it is determined 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 approved by the 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 shall determine that the Federal and non-Federal lands are approximately equal in value and shall document how the determination was made.

## Notes

### Authority

Authority: 43 U.S.C. 1716, 1740.

### Source

Source: 46 FR 1638, Jan. 6, 1981, unless otherwise noted.