43 CFR § 3435.3-4 - Determination of value.
---
identifier: "/us/cfr/t43/s3435.3-4"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "43 CFR § 3435.3-4 - Determination of value."
title_number: 43
title_name: "Public Lands: Interior"
section_number: "3435.3-4"
section_name: "Determination of value."
chapter_name: "BUREAU OF LAND MANAGEMENT, DEPARTMENT OF THE INTERIOR"
subchapter_number: "C"
subchapter_name: "MINERALS MANAGEMENT (3000)"
part_number: "3430"
part_name: "NONCOMPETITIVE LEASES"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "30 U.S.C. 181 30 U.S.C. 351-359; 30 U.S.C. 521-531; 30 U.S.C. 1201 and 43 U.S.C. 1701"
regulatory_source: "44 FR 42628, July 19, 1979, unless otherwise noted."
cfr_part: "3430"
---
# 3435.3-4 Determination of value.
The value of the land to be leased, or added by lease modification, or of the bidding rights to be issued in exchange shall, to the satisfaction of the lessee or lease applicant and the Secretary, be equal to the estimated fair market value of the lease or lease application to be relinquished.