[Code of Federal Regulations]

[Title 43, Volume 2]

[Revised as of October 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 43CFR3602.13]



[Page 704]

 

                    TITLE 43--PUBLIC LANDS: INTERIOR

 

    CHAPTER II--BUREAU OF LAND MANAGEMENT, DEPARTMENT OF THE INTERIOR

 

PART 3600_MINERAL MATERIALS DISPOSAL--Table of Contents

 

                  Subpart 3602_Mineral Materials Sales

 

Sec. 3602.13  How does BLM measure and establish the price of mineral 

materials?



    (a) BLM will not sell mineral materials at less than fair market 

value. BLM determines fair market value by appraisal.

    (b) BLM may periodically reappraise the value of mineral materials 

not yet removed, and adjust your contract price accordingly. BLM will 

not adjust the price during the first 2 years of the contract. BLM also 

will not adjust the contract price during the 2-year period following 

any adjustment. However, BLM may adjust the price at the beginning of 

any contract renewal period.

    (c) BLM measures mineral materials by in-place volume or weight 

equivalent. When BLM requires you to measure materials, we may either 

designate the method you must use or allow you to choose either method. 

We will verify your results.