43 CFR 2201.5
§ 2201.5 Exchanges at approximately equal value.
United States · 43 CFR — Public Lands: Interior · Status: effective
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- Citation
- 43 CFR 2201.5, § 2201.5 Exchanges at approximately equal value, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/210787
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Full text
(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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.