[Code of Federal Regulations]
[Title 43, Volume 2]
[Revised as of October 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 43CFR2201.5]

[Page 71]
 
                    TITLE 43--PUBLIC LANDS: INTERIOR
 
    CHAPTER II--BUREAU OF LAND MANAGEMENT, DEPARTMENT OF THE INTERIOR
 
PART 2200--EXCHANGES: GENERAL PROCEDURES--Table of Contents
 
             Subpart 2201--Exchanges--Specific Requirements
 
Sec. 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.

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