fair market value

As used in sections 459b to 459b–8 of this title the term “fair market value” shall mean the fair market value as determined by the Secretary, who may in his discretion base his determination on an independent appraisal obtained by him.


16 USC § 459b-1(e)

Scoping language

None identified, default scope is assumed to be the parent (subchapter LXIII) of this section.
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