[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: 43CFR2547.3]

[Page 140]
 
                    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 2547_Omitted Lands: General
 
Sec. 2547.3  Price of land; payment.

    (a) 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.
    (b) The applicant shall also be required to pay administrative 
costs, including:
    (1) The cost of making the survey,
    (2) The cost of appraisal, and
    (3) The cost of making the conveyance.
    (c) 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.