
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 30USC705]

 
                   TITLE 30--MINERAL LANDS AND MINING
 
    CHAPTER 20--CONVEYANCES TO OCCUPANTS OF UNPATENTED MINING CLAIMS
 
Sec. 705. Purchase price of conveyed interest; installment 
        payments
        
    The Secretary of the Interior, prior to any conveyance under this 
chapter, shall determine the fair market value of the interest to be 
conveyed, exclusive of the value of any improvements placed on the lands 
involved by the applicant or his predecessors in interest. Said value 
shall be determined as of the date of appraisal. In establishing the 
purchase price to be paid by the applicant for the interest, the 
Secretary shall take into consideration any equities of the applicant 
and his predecessors in interest, including conditions of prior use and 
occupancy. In any event the purchase price for any interest conveyed 
shall not exceed its fair market value nor be less than $5 per acre. The 
Secretary may, in his discretion, allow payment to be made in 
installments.

(Pub. L. 87-851, Sec. 5, Oct. 23, 1962, 76 Stat. 1128.)

                  Section Referred to in Other Sections

    This section is referred to in sections 701, 704 of this title.
