[Code of Federal Regulations]

[Title 33, Volume 3]

[Revised as of July 1, 2006]

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

[CITE: 33CFR211.75]



[Page 193]

 

                TITLE 33--NAVIGATION AND NAVIGABLE WATERS

 

 CHAPTER II--CORPS OF ENGINEERS, DEPARTMENT OF THE ARMY, DEPARTMENT OF 

                                 DEFENSE

 

PART 211_REAL ESTATE ACTIVITIES OF THE CORPS OF ENGINEERS IN CONNECTION 

WITH CIVIL WORKS PROJECTS--Table of Contents

 

Sec.  211.75  Price.



    The Chief of Engineers, or his designee, is authorized to determine 

the fair market value of any site determined available for sale for 

cottage site development and use based on an appraisal thereof by a 

qualified appraiser. Sale of a cottage site to a lessee holding a lease 

on the date of the Act will be made for a price equal to the fair market 

value of the site at the time of the sale.