43 CFR 3435.3-4 - Determination of value.

Regulations last checked for updates: Nov 25, 2024

Title 43 - Public Lands: Interior last revised: Sep 06, 2024

View all text of Subpart 3435 [§ 3435.0-1 - § 3435.4]

§ 3435.3-4 - Determination of value.

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.

authority: 30 U.S.C. 181

source: 44 FR 42628, July 19, 1979, unless otherwise noted.

cite as: 43 CFR 3435.3-4