43 C.F.R. § 3435.3-4 Determination of value.
Title 43 - Public Lands: Interior
The value of the land to be leased, or added by lease modification, or of the bidding rights to be issued in exchange shall, to the satisfaction of the lessee or lease applicant and the Secretary, be equal to the estimated fair market value of the lease or lease application to be relinquished.
Title 43: Public Lands: Interior
PART 3430—NONCOMPETITIVE LEASES
Subpart 3435—Lease Exchange
§ 3435.3-4 Determination of value.
