25 C.F.R. § 152.24
Appraisal
Except as otherwise provided by the Secretary, an appraisal shall be made indicating the fair market value prior to making or approving a sale, exchange, or other transfer of title of trust or restricted land.
Notes of Decisions
Cited in 4
cases, 1990–2015 · leading case: Oglala Sioux Tribe of the Pine Ridge Indian Reservation v. United States, 21 Cl. Ct. 176 (Ct. Cl. 1990).
Oglala Sioux Tribe of the Pine Ridge Indian Reservation v. United States, 21 Cl. Ct. 176 (Ct. Cl. 1990). “25 C.F.R. § 152.24 states that “[ejxcept as otherwise provided by the Secretary, an appraisal shall be made indicating the fair market value prior to making or approving a sale, exchange, or other transfer of title of trust or restricted land.”
Cobell v. Norton, 225 F.R.D. 41 (D.C. Cir. 2004). “25 C.F.R. § 152.24 . In the case of a sale by auction, bids lower than the appraised value of the property may be accepted by Interior only if the highest bid “approximates said appraised fair market value” and the Secretary concludes that the land is unlikely to bring a higher…”
Jackson v. United States, 107 Fed. Cl. 495 (Fed. Cl. 2012). “Pursuant to that request and 25 C.F.R. § 152.24 , the BIA obtained the services of one Joseph William Dunford to conduct the appraisal on or about March 5, 2007.”
Kizer v. PTP, Inc., 129 F. Supp. 3d 1000 (D. Nev. 2015). “” The relevant regulations require, in part, that the trust land to be sold be appraised in order to determine its fair market value at the time of conveyance, 25 C.F.R. § 152.24 , and that the Secretary approve the sale before it is finalized, id.”
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