Title 25 — IndiansRelease 119-73not60

§3507 Appraisals

Title 25 › Chapter 37— INDIAN ENERGY › § 3507

Last updated Apr 5, 2026|Official source

Summary

For any deal that needs the Secretary’s okay and involves mineral or energy resources held in trust for a tribe, the value study (appraisal) can be done by the Secretary, by the tribe, or by a certified outside appraiser hired by the tribe. The Secretary must look at any appraisal sent by a tribe or its appraiser within 45 days. The Secretary must approve it unless it does not meet the standards in the rules the Secretary creates. If the Secretary rejects an appraisal, the Secretary must send a written note to the tribe listing each reason and how to fix it. The Secretary must make rules that say what the standards are.

Full Legal Text

Title 25, §3507

Indians — Source: USLM XML via OLRC

(a)For any transaction that requires approval of the Secretary and involves mineral or energy resources held in trust by the United States for the benefit of an Indian tribe or by an Indian tribe subject to Federal restrictions against alienation, any appraisal relating to fair market value of those resources required to be prepared under applicable law may be prepared by—

(1)the Secretary;

(2)the affected Indian tribe; or

(3)a certified, third-party appraiser pursuant to a contract with the Indian tribe.

(b)Not later than 45 days after the date on which the Secretary receives an appraisal prepared by or for an Indian tribe under paragraph (2) or (3) of subsection (a), the Secretary shall—

(1)review the appraisal; and

(2)approve the appraisal unless the Secretary determines that the appraisal fails to meet the standards set forth in regulations promulgated under subsection (d).

(c)If the Secretary determines that an appraisal submitted for approval under subsection (b) should be disapproved, the Secretary shall give written notice of the disapproval to the Indian tribe and a description of—

(1)each reason for the disapproval; and

(2)how the appraisal should be corrected or otherwise cured to meet the applicable standards set forth in the regulations promulgated under subsection (d).

(d)The Secretary shall promulgate regulations to carry out this section, including standards the Secretary shall use for approving or disapproving the appraisal described in subsection (a).

Reference

Citations & Metadata

Citation

25 U.S.C. § 3507

Title 25 — Indians

Last Updated

Apr 5, 2026

Release point: 119-73not60