[Code of Federal Regulations]
[Title 43, Volume 2]
[Revised as of October 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 43CFR2541.4]

[Page 133]
 
                    TITLE 43--PUBLIC LANDS: INTERIOR
 
    CHAPTER II--BUREAU OF LAND MANAGEMENT, DEPARTMENT OF THE INTERIOR
 
PART 2540_COLOR-OF-TITLE AND OMITTED LANDS--Table of Contents
 
                     Subpart 2541_Color-of-Title Act
 
Sec. 2541.4  Price of land; payment.

    (a) Price of land. The land applied for will be appraised on the 
basis of its fair market value at the time of appraisal. However, in 
determination of the price payable by the applicant, value resulting 
from improvements or development by the applicant or his predecessors in 
interest will be deducted from the appraised price, and consideration 
will be given to the equities of the applicant. In no case will the land 
be sold for less than $1.25 per acre.
    (b) Payment. Applicant will be required to make payment of the sale 
price of the land within the time stated in the request for payment.