§2547.3. Price of land; payment.
43 C.F.R. § 2547.3
The land applied for shall be appraised for fair market value at the time of appraisal. However, in determination of the price payable by the applicant, value resulting from development and occupation by the applicant or his predecessors in interest shall be deducted from the appraised price.
The applicant shall also be required to pay administrative costs, including:
The cost of making the survey,
The cost of appraisal, and
The cost of making the conveyance.
The applicant shall be required to make payment of the sale price and administrative costs within the time stated in the requests for payment or any extensions granted thereto by the authorized officer.
Notes, amendments, and revision history
Authority
Authority: Secs. 211 and 310 of the Federal Land Policy and Management Act of 1976 (43 U.S.C. 1721 and 1740).
Source
Source: 44 FR 41793, July 18, 1979, unless otherwise noted.