§ 2547.1 Qualifications of applicants
§ 2547.2 Procedures; applications
§ 2547.3 Price of land; payment
§ 2547.4 Publication and protests
§ 2547.5 Disposal considerations
§ 2547.6 Lands not subject to disposal under this subpart
§ 2547.7 Coordination with State and local governments

Terms Used In CFR > Title 43 > Subtitle B > Chapter II > Subchapter B > Part 2540 > Subpart 2547 - Omitted Lands: General

  • Appraisal: A determination of property value.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Statute: A law passed by a legislature.