36 CFR § 254.11 - Exchanges at approximately equal value.

---
identifier: "/us/cfr/t36/s254.11"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "36 CFR § 254.11 - Exchanges at approximately equal value."
title_number: 36
title_name: "Parks, Forests, and Public Property"
section_number: "254.11"
section_name: "Exchanges at approximately equal value."
chapter_name: "FOREST SERVICE, DEPARTMENT OF AGRICULTURE"
part_number: "254"
part_name: "LANDOWNERSHIP ADJUSTMENTS"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
cfr_part: "254"
---


# 254.11 Exchanges at approximately equal value.

(a) The authorized officer may exchange lands which are of approximately equal value upon a determination that:

(1) The exchange is in the public interest and the consummation of the proposed exchange will be expedited;

(2) The value of the lands to be conveyed out of Federal ownership is not more than $150,000 as based upon a statement of value prepared by a qualified appraiser and accepted by an authorized officer;

(3) The Federal and non-Federal lands are substantially similar in location, acreage, use, and physical attributes; and

(4) There are no significant elements of value requiring complex analysis.

(b) The authorized officer, not the non-Federal party, determines whether the Federal and non-Federal lands are approximately equal in value and must document how the determination was made.