43 CFR 3435.3-4

§ 3435.3-4 Determination of value.

United States · 43 CFR — Public Lands: Interior · Status: effective

Cite this

Citation: 43 CFR 3435.3-4, § 3435.3-4 Determination of value, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/212980
Permanent ID: ys:prov:212980@1
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Full text

The value of the land to be leased, or added by lease modification, or of the bidding rights to be issued in exchange shall, to the satisfaction of the lessee or lease applicant and the Secretary, be equal to the estimated fair market value of the lease or lease application to be relinquished.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.