For purposes of this chapter, the Secretary may develop a system for establishing the fair market value of various types of lands and improvements. Such a system may include determinations of fair market value based on appropriate geographic units as determined by the Secretary. Such a system may govern the amounts offered for the purchase of interests in trust or restricted land under this chapter.
Pub. L. 97–459, title II, § 215Pub. L. 106–462, title I, § 103(6)114 Stat. 2002Pub. L. 108–374, § 6(a)(7)118 Stat. 1802Pub. L. 109–157, § 6119 Stat. 2952(, as added , , ; amended , , ; , , .)
Editorial Notes
References in Text
Pub. L. 97–459This chapter, referred to in text, was in the original “this Act”, which was translated as reading “this title”, meaning title II of , to reflect the probable intent of Congress.
Amendments
Pub. L. 109–1572005— substituted “Such a system may govern the amounts offered for the purchase of interests in trust or restricted land under this chapter.” for “Such system may govern the amounts offered for the purchase of interests in trust or restricted lands under this chapter.”
Pub. L. 108–374section 2212 of this titlesection 213 of Pub. L. 97–459section 2212 of this title2004—, which directed substitution of “this Act” for “” in last sentence, was executed by substituting “this chapter” for “section 213”, meaning , which is classified to , to reflect the probable intent of Congress.
Statutory Notes and Related Subsidiaries
Effective Date of 2005 Amendment
Pub. L. 109–157Pub. L. 108–374section 9 of Pub. L. 109–157section 5107 of this titleAmendment by effective as if included in , see , set out as a note under .