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fair market value

Owned by Dennis Daggett (Deactivated)
2018-02-16

The amount in cash, or on terms reasonably equivalent to cash, for which in all probability something might be sold by a knowledgeable owner to a knowledgeable purchaser. Several federal statutes state that the federal government should receive fair market value when exchanging or selling federal lands and resources.

Authorization Path: 2.5.7.2.27.0

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