StacksVerified U.S. regulatory reference

43 CFR §2201.5

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
  1. (a)The authorized officer may exchange lands that are of approximately equal value when it is determined that:
    1. (1)The exchange is in the public interest and the consummation of the proposed exchange will be expedited;
    2. (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 approved by the authorized officer;
    3. (3)The Federal and non-Federal lands are substantially similar in location, acreage, use, and physical attributes; and
    4. (4)There are no significant elements of value requiring complex analysis.
  2. (b)The authorized officer shall determine that the Federal and non-Federal lands are approximately equal in value and shall document how the determination was made.