Conveying easements, rights-of-way, and other interests in inventory property.

CFR · 2024-01-01 · US · Title 7

(a) (b) (2) The Agency may sell an easement or right-of-way by negotiation for market value to any purchaser for cash without giving public notice if: (i) The sale would not prevent the Agency from selling the property; and (ii) The sale would not decrease the value of the property by an amount greater than the price received. (3) In the case of condemnation proceedings by a State or political subdivision, the transfer of title will not be completed until adequate compensation and damages have been determined and paid. (c) (2) If the Agency sells the land in separate parcels, any rights or interests that apply to each parcel are included with the sale. (3) The Agency will assign lease or royalty interests not passing by deed to the purchaser at the time of sale. (4) Appraisals of property will reflect the value of such rights, interests, or leases.

official document · source cfr-2024 · id 7:§ 767.154