25 U.S. Code § 2214 - Establishing fair market value
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For purposes of this chapter, the Secretary may develop a system for establishing the fair market value of various types of lands and improvements. Such a system may include determinations of fair market value based on appropriate geographic units as determined by the Secretary. Such a system may govern the amounts offered for the purchase of interests in trust or restricted land under this chapter.
Source(Pub. L. 97–459, title II, § 215, as added Pub. L. 106–462, title I, § 103(6),Nov. 7, 2000, 114 Stat. 2002; amended Pub. L. 108–374, § 6(a)(7),Oct. 27, 2004, 118 Stat. 1802; Pub. L. 109–157, § 6,Dec. 30, 2005, 119 Stat. 2952.)
References in Text
This chapter, referred to in text, was in the original “this Act”, which was translated as reading “this title”, meaning title II of Pub. L. 97–459, to reflect the probable intent of Congress.
2005—Pub. L. 109–157substituted “Such a system may govern the amounts offered for the purchase of interests in trust or restricted land under this chapter.” for “Such system may govern the amounts offered for the purchase of interests in trust or restricted lands under this chapter.”
2004—Pub. L. 108–374, which directed substitution of “this Act” for “section 2212 of this title” in last sentence, was executed by substituting “this chapter” for “section 213”, meaning section 213 ofPub. L. 97–459, which is classified to section 2212 of this title, to reflect the probable intent of Congress.
Effective Date of 2005 Amendment