Code of Federal Regulations (Last Updated: October 10, 2024) |
Title 25 - Indians |
Chapter I - Bureau of Indian Affairs, Department of the Interior |
SubChapter H - Land and Water |
Part 166 - Grazing Permits |
Subpart E - Grazing Rental Rates, Payments, and Late Payment Collections |
Rental Rate Determination and Adjustment |
§ 166.401 - How does the BIA establish grazing rental rates?
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§ 166.401 How does the BIA establish grazing rental rates?
An appraisal can be used to determine the rental value of real property. The development and reporting of the valuation will be completed in accordance with the Uniform Standards of Professional Appraisal Practices (USPAP). If an appraisal is not desired, competitive bids, negotiations, advertisements, or any other method can be used in conjunction with a market study, rent survey, or feasibility analysis developed in accordance with the USPAP.