[Code of Federal Regulations]
[Title 33, Volume 3]
[Revised as of July 1, 2007]
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 
 
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.