Code of Federal Regulations (Last Updated: April 5, 2024) |
Title 43 - Public Lands: Interior |
Subtitle A - Office of the Secretary of the Interior |
Part 47 - Land Exchange Procedures |
Subpart A - The Exchange Process |
§ 47.35 - Must lands exchanged be of equal value?
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§ 47.35 Must lands exchanged be of equal value?
Hawaiian home lands to be exchanged must be of equal or lesser value than the lands to be received in the exchange, as determined by the appraisal. Once the market value is established by an approved appraisal, an administrative determination as to the equity of the exchange can be made based on the market value reflected in the approved appraisal.