43 CFR § 2201.5 - Exchanges at approximately equal value.

---
identifier: "/us/cfr/t43/s2201.5"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "43 CFR § 2201.5 - Exchanges at approximately equal value."
title_number: 43
title_name: "Public Lands: Interior"
section_number: "2201.5"
section_name: "Exchanges at approximately equal value."
chapter_name: "BUREAU OF LAND MANAGEMENT, DEPARTMENT OF THE INTERIOR"
subchapter_number: "B"
subchapter_name: "LAND RESOURCE MANAGEMENT (2000)"
part_number: "2200"
part_name: "EXCHANGES: GENERAL PROCEDURES"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "43 U.S.C. 1716, 1740."
regulatory_source: "46 FR 1638, Jan. 6, 1981, unless otherwise noted."
cfr_part: "2200"
---


# 2201.5 Exchanges at approximately equal value.

(a) The authorized officer may exchange lands that are of approximately equal value when it is determined 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 approved by the 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 shall determine that the Federal and non-Federal lands are approximately equal in value and shall document how the determination was made.