2004 US Code
Title 30 - MINERAL LANDS AND MINING
CHAPTER 20 - CONVEYANCES TO OCCUPANTS OF UNPATENTED MINING CLAIMS
Sec. 705 - Purchase price of conveyed interest; installment payments
View Metadata| Publication Title | United States Code, 2000 Edition, Supplement 4, Title 30 - MINERAL LANDS AND MINING |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 30 - MINERAL LANDS AND MINING CHAPTER 20 - CONVEYANCES TO OCCUPANTS OF UNPATENTED MINING CLAIMS Sec. 705 - Purchase price of conveyed interest; installment payments |
| Contains | section 705 |
| Date | 2004 |
| Laws in Effect as of Date | January 3, 2005 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 87-851, §5, Oct. 23, 1962, 76 Stat. 1128. |
| Statutes at Large Reference | 76 Stat. 1128 |
| Public Law Reference | Public Law 87-851 |
§705. Purchase price of conveyed interest; installment payments
The Secretary of the Interior, prior to any conveyance under this chapter, shall determine the fair market value of the interest to be conveyed, exclusive of the value of any improvements placed on the lands involved by the applicant or his predecessors in interest. Said value shall be determined as of the date of appraisal. In establishing the purchase price to be paid by the applicant for the interest, the Secretary shall take into consideration any equities of the applicant and his predecessors in interest, including conditions of prior use and occupancy. In any event the purchase price for any interest conveyed shall not exceed its fair market value nor be less than per acre. The Secretary may, in his discretion, allow payment to be made in installments.
(Pub. L. 87–851, §5, Oct. 23, 1962, 76 Stat. 1128.)
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