Title 36: Parks, Forests, and Public Property
PART 254—LANDOWNERSHIP ADJUSTMENTS
Subpart A—Land Exchanges
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§ 254.11 Exchanges at approximately equal value.
(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.
