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Notes

§30.271. How must the tribe pay for the interests it purchases?

43 C.F.R. § 30.271

(a)
A tribe must pay the full fair market value of the interests purchased, as set forth in the appraisal or other valuation report, or as determined after hearing under § 30.268, whichever is applicable.
(b)
Payment must be made within 2 years from the date of decedent's death or within 1 year from the date of notice of purchase, whichever is later.
Notes, amendments, and revision history

Authority

Authority: 5 U.S.C. 301, 503; 25 U.S.C. 9, 372-74, 410, 2201 et seq.; 43 U.S.C. 1201, 1457.

Source

Source: 73 FR 67289, Nov. 13, 2008, unless otherwise noted.