43 C.F.R. § 44.31 How does the Department calculate payments for acquired lands?
Title 43 - Public Lands: Interior
The Department calculates section 6904 payments by determining 1 percent of the fair market value of the purchased land and comparing the result to the amount of real estate taxes paid on the land in the year before Federal acquisition. The payment to qualified local governments will be the lesser of the two.
Title 43: Public Lands: Interior
PART 44—FINANCIAL ASSISTANCE, LOCAL GOVERNMENTS
Payments to Local Governments Containing Entitlement Lands
§ 44.31 How does the Department calculate payments for acquired lands?
