36 CFR 254.11
§ 254.11 Exchanges at approximately equal value.
United States · 36 CFR — Parks, Forests, and Public Property · Status: effective
Cite this
- Citation
- 36 CFR 254.11, § 254.11 Exchanges at approximately equal value, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/159696
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Full text
(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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.