[Code of Federal Regulations]
[Title 36, Volume 1]
[Revised as of July 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 36CFR17.4]

[Page 228]
 
              TITLE 36--PARKS, FORESTS, AND PUBLIC PROPERTY
 
      CHAPTER I--NATIONAL PARK SERVICE, DEPARTMENT OF THE INTERIOR
 
PART 17--CONVEYANCE OF FREEHOLD AND LEASEHOLD INTERESTS ON LANDS OF THE NATIONAL PARK SYSTEM--Table of Contents
 
Sec. 17.4  Notice.

    (a) When the Secretary has determined in accordance with these 
regulations that a freehold or leasehold interest will be offered, he 
will have a notice published in the Federal Register and, subsequently, 
once weekly for five consecutive weeks in a newspaper of general 
circulation in the vicinity of the property. Publication of the notice 
shall be completed not less than 30 nor more than 120 days of the date 
for bid opening. The notice shall contain, at a minimum: (1) A legal 
description of the land by public lands subdivisions, metes-and-bounds, 
or other suitable method, (2) a statement of the interest to be 
conveyed, including restrictions to be placed on the use of the 
property, (3) a statement of the fair market value of the interest as 
determined by the Secretary below which the interest will not be 
conveyed, together with information as to where the Government's 
appraisal may be inspected, (4) information as to any preference rights 
of former owners to acquire the interest upon matching the highest bid, 
(5) an outline of bid procedure and a designation of the time and place 
for submitting bids, and (6) an outline of conveyance procedures, 
requirements, and time schedule.
    (b) If the property has been in Federal ownership for less than two 
years, the last owner or owners of record shall be sent a notice by 
certified mail to their present or last known address providing the 
information in the published notice and advising them of their right 
under section 5(a) of the act to acquire the interest upon payment or 
agreement to pay an amount equal to the highest bid price.