[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: 43CFR2565.5]

[Page 152-153]
 
                    TITLE 43--PUBLIC LANDS: INTERIOR
 
    CHAPTER II--BUREAU OF LAND MANAGEMENT, DEPARTMENT OF THE INTERIOR
 
PART 2560_ALASKA OCCUPANCY AND USE--Table of Contents
 
                    Subpart 2565_Non-native Townsites
 
Sec. 2565.5  Sale of the land.

    (a) Public sale of unclaimed lots. After deeds have been issued to 
the parties entitled thereto the trustee will publish or post notice 
that he will sell, at a designated place in the town and at a time 
named, to be not less than 30 days from date, at public outcry, for 
cash, to the highest bidder, all lots and tracts remaining unoccupied 
and unclaimed at the date of the approval of final subdivisional 
townsite survey, and all lots and tracts claimed and awarded on which 
the assessments have not been paid at the date of such sale. The notice 
shall contain a description of the lots and tracts to be sold, made in 
two separate lists, one containing the lots and tracts unclaimed at the 
date of the approval of final subdivisional townsite survey and the 
other the lots and tracts claimed and awarded on which the assessments 
have not been paid. Should any delinquent allottee, prior to the sale of 
the lot claimed by him, pay the assessments thereon, together with the 
pro rata cost of the publication and the cost of acknowledging deed, a 
deed will be issued to him for such lot, and the lot will not be offered 
at public sale. Where notice by publication is deemed advisable the 
notice will be published once a week for 5 consecutive weeks in 
accordance with Sec. 1824.3 of this chapter prior to the date of sale, 
and in any event copies of such notice shall be posted in three 
conspicuous places within the townsite. Each lot

[[Page 153]]

must be sold at a fair price, to be determined by the trustee, and he is 
authorized to reject any and all bids. Lots remaining unsold at the 
close of the public sale in an unincorporated town may again be offered 
at a fair price if a sufficient demand appears therefor.
    (b) Sales to Federal, State and local governmental agencies. (1) Any 
lot or tract in the townsite which is subject to sale to the highest 
bidder by the trustee pursuant to this section may in lieu of 
disposition at public sale be sold by the trustee at a fair value to be 
fixed by him to any Federal or State agency or instrumentality or to any 
local governmental agency or instrumentality of the State for use for 
public purposes.
    (2) All conveyances under this section shall be subject to such 
conditions, limitations, or stipulations as the trustee shall determine 
are necessary or appropriate in the circumstances, including, where he 
deems proper, a provision for reversion of title to the trustee or his 
successor in interest. Any such provision for reversion of title, 
however, shall by its terms cease to be in effect 25 years after the 
conveyance.
    (3) Conveyances under this section for lands within any incorporated 
city, town, village, or municipality may be made only after the proposed 
conveyance has received the approval of the city, town, or village 
council, or of the local official designated by such council. Such 
conveyances for lands within any unincorporated city, town, village or 
municipality may be made only after notice of the proposed conveyance, 
together with the opportunity to be heard, has been given by the 
proposed grantee to the residents or occupants thereof in accordance 
with the requirements for such notice in the case of the public sale of 
unclaimed lots in a trustee townsite. Any decision of the trustee which 
is adverse to a protest will be subject to the right of appeal under 
part 1840 of this chapter. Upon filing of an appeal pursuant to that 
part, action by the trustee on the conveyance will be suspended pending 
final decision on the appeal.