{"data":{"id":"us/43-cfr-3435.3-4","jurisdiction":"us","citation":"43 CFR 3435.3-4","heading":"-4 Determination of value.","body":"The value of the land to be leased, or added by lease modification, or of the bidding rights to be issued in exchange shall, to the satisfaction of the lessee or lease applicant and the Secretary, be equal to the estimated fair market value of the lease or lease application to be relinquished.","path":["Title 43—Public Lands: Interior","Subtitle B—Regulations Relating to Public Lands","CHAPTER II—BUREAU OF LAND MANAGEMENT, DEPARTMENT OF THE INTERIOR","SUBCHAPTER C—MINERALS MANAGEMENT (3000)","PART 3430—NONCOMPETITIVE LEASES","Subpart 3435—Lease Exchange"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-43.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:26:15Z","sha256":"939cb03580234301c4f2b5d87ae83fa751fcc0ec52a1a8a491f7fa8a20af391f","source_id":"us-cfr","stale":true,"prev":"us/43-cfr-3435.3-3","next":"us/43-cfr-3435.3-5"},"notice":"GroundRules: Original legal text. Not legal advice."}