Title 43, Public LandsRelease 119-102
§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
The Secretary of the Interior must appraise surveyed lots and sell them at auction for cash to the highest bidder, not below appraised value; reclamation funds may pay appraisal and sale expenses, and proceeds must go 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
Aug 21, 2026
Release point: 119-102