Title 43 — Public LandsRelease 119-73not60
§562 Appraisal and Sale of Town Lots
Title 43 › Chapter 12— RECLAMATION AND IRRIGATION OF LANDS BY FEDERAL GOVERNMENT › Subchapter XV— TOWN SITES, PARKS, PLAYGROUNDS, AND SCHOOL SITES › § 562
Summary
Surveyed lots must be appraised and sold under the Secretary of the Interior’s direction. They go to the highest bidder at public auction for cash and never for less than the appraised price. Unsold lots can later be sold under rules the Secretary makes. Reclamation funds may pay appraisal and sale costs, and the money from sales must go back into the reclamation fund.
Full Legal Text
Title 43, §562
Public Lands — Source: USLM XML via OLRC
The lots so surveyed shall be appraised under the direction of the Secretary of the Interior and sold under his direction at not less than their appraised value at public auction to the highest bidders, from time to time, for cash, and the lots offered for sale and not disposed of may afterwards be sold at not less than the appraised value under such regulations as the Secretary of the Interior may prescribe. Reclamation funds may be used to defray the necessary expenses of appraisement and sale, and the proceeds of such sales shall be covered into the reclamation fund.
Reference
Citations & Metadata
Citation
43 U.S.C. § 562
Title 43 — Public Lands
Last Updated
Apr 5, 2026
Release point: 119-73not60