§ 254.11. Exchanges at approximately equal value.
127 words·~1 min read·
/us/cfr/t36/s§ 254.11·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)The authorized officer may exchange lands which are of approximately equal value upon a determination 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 accepted by an 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, not the non-Federal party, determines whether the Federal and non-Federal lands are approximately equal in value and must document how the determination was made.