[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: 43CFR2547.3]



[Page 136]

 

                    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.