Us Code § 2214 - Establishing fair market value
Full text of Us Code United States Code § 2214 — Establishing fair market value, with citation guidance and answers to common questions.
§ 2214. Establishing fair market value
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, §215, as added Pub. L. 106–462, title I, §103(6), Nov. 7, 2000, 114 Stat. 2002; amended Pub. L. 108–374, §6(a)(7), Oct. 27, 2004, 118 Stat. 1802; Pub. L. 109–157, §6, Dec. 30, 2005, 119 Stat. 2952.)
Editorial Notes
References in Text
This chapter, referred to in text, was in the original "this Act", which was translated as reading "this title", meaning title II of Pub. L. 97–459, to reflect the probable intent of Congress.
Amendments
2005—Pub. L. 109–157 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."
2004—Pub. L. 108–374, which directed substitution of "this Act" for "section 2212 of this title" in last sentence, was executed by substituting "this chapter" for "section 213", meaning section 213 of Pub. L. 97–459, which is classified to section 2212 of this title, to reflect the probable intent of Congress.
Statutory Notes and Related Subsidiaries
Effective Date of 2005 Amendment
Amendment by Pub. L. 109–157 effective as if included in Pub. L. 108–374, see section 9 of Pub. L. 109–157, set out as a note under section 5107 of this title.
About This Section
25 U.S.C. § 2214 is part of Title 25 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
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