43 C.F.R. § 3515.20 May I exchange preference rights?
Title 43 - Public Lands: Interior
Yes. To have a preference right that can be exchanged, you must have timely submitted a preference right lease application. If you have demonstrated a right to a lease, BLM may, in lieu of issuing the preference right lease, negotiate for the selection of appropriate lands to exchange and establish lease terms for those lands.
Title 43: Public Lands: Interior
PART 3500—LEASING OF SOLID MINERALS OTHER THAN COAL AND OIL SHALE
Subpart 3515—Mineral Lease Exchanges
Types of Lease Exchanges
§ 3515.20 May I exchange preference rights?
