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Code of Federal Regulations Title 10. Energy § 10.770.8 May DOE transfer real property at defense nuclear facilities for economic development at less than fair market value?

Current as of January 02, 2025 | Updated by Findlaw Staff

DOE generally attempts to obtain fair market value for real property transferred for economic development, but DOE may agree to sell or lease such property for less than fair market value if the statutory transfer authority used imposes no market value restriction, and:

(a) The real property requires considerable infrastructure improvements to make it economically viable, or

(b) A conveyance at less than market value would, in the DOE's judgment, further the public policy objectives of the laws governing the downsizing of defense nuclear facilities.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 10. Energy § 10.770.8 May DOE transfer real property at defense nuclear facilities for economic development at less than fair market value? - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-10-energy/cfr-sect-10-770-8/

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