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Title 10 Part 770 → §770.8

Title 10 → Chapter III → Part 770 → §770.8

Electronic Code of Federal Regulations e-CFR

Title 10 Part 770 → §770.8

e-CFR data is current as of June 24, 2019

Title 10Chapter IIIPart 770 → §770.8


Title 10: Energy
PART 770—TRANSFER OF REAL PROPERTY AT DEFENSE NUCLEAR FACILITIES FOR ECONOMIC DEVELOPMENT


§770.8   May DOE transfer real property at defense nuclear facilities for economic development at less than fair market value?

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.