[Code of Federal Regulations]

[Title 43, Volume 2]

[Revised as of October 1, 2006]

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

[CITE: 43CFR2201.5]



[Page 67]

 

                    TITLE 43--PUBLIC LANDS: INTERIOR

 

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

 

PART 2200_EXCHANGES: GENERAL PROCEDURES--Table of Contents

 

              Subpart 2201_Exchanges_Specific Requirements

 

Sec.  2201.5  Exchanges at approximately equal value.



    (a) The authorized officer may exchange lands that are of 

approximately equal value when it is determined that:

    (1) The exchange is in the public interest and the consummation of 

the proposed exchange will be expedited;

    (2) The value of the lands to be conveyed out of Federal ownership 

is not more than $150,000 as based upon a statement of value prepared by 

a qualified appraiser and approved by the authorized officer;

    (3) The Federal and non-Federal lands are substantially similar in 

location, acreage, use, and physical attributes; and

    (4) There are no significant elements of value requiring complex 

analysis.

    (b) The authorized officer shall determine that the Federal and non-

Federal lands are approximately equal in value and shall document how 

the determination was made.



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