33 C.F.R. § 211.75   Price.


Title 33 - Navigation and Navigable Waters


Title 33: Navigation and Navigable Waters
PART 211—REAL ESTATE ACTIVITIES OF THE CORPS OF ENGINEERS IN CONNECTION WITH CIVIL WORKS PROJECTS
Sale of Lands in Reservoir Areas Under Jurisdiction of Department of the Army for Cottage Site Development and Use

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§ 211.75   Price.

The Chief of Engineers, or his designee, is authorized to determine the fair market value of any site determined available for sale for cottage site development and use based on an appraisal thereof by a qualified appraiser. Sale of a cottage site to a lessee holding a lease on the date of the Act will be made for a price equal to the fair market value of the site at the time of the sale.

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