{"data":{"id":"us/43-cfr-47.45","jurisdiction":"us","citation":"43 CFR 47.45","heading":"How does the exchange process work?","body":"(a) The Secretary recommends the parties prepare a land exchange proposal in accordance with § 47.50. The Secretary also recommends the Chairman and the non-Chairman party in the exchange meet with the Secretary before finalizing a land exchange proposal and signing an agreement to initiate the land exchange to informally discuss:\n(1) The review and processing procedures for Hawaiian home lands exchanges;\n(2) Potential issues involved that may require more consideration; or\n(3) Any other matter that may make the proposal more complete before submission.\n(b) Whether or not a land exchange proposal is completed, the Chairman initiates the exchange by preparing the documentation, conducting appropriate studies, and submitting them to the Secretary in accordance with § 47.60.\n(c) Upon completing the review of the final land exchange packet under § 47.60, the Secretary will issue a Notice of Decision announcing the approval or disapproval of the exchange.\n(d) If the Secretary approves an exchange, title will transfer in accordance with State law.","path":["Title 43—Public Lands: Interior","Subtitle A—Office of the Secretary of the Interior","PART 47—LAND EXCHANGE PROCEDURES","Subpart A—The Exchange Process"],"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":"04d8724340d5d2b800aad5bc9cb9a3a351ee0ee7d6d45311a0308296d0f65f7f","source_id":"us-cfr","stale":true,"prev":"us/43-cfr-47.40","next":"us/43-cfr-47.50"},"notice":"GroundRules: Original legal text. Not legal advice."}