The County pays fair market value for the land
What the document says“The conveyance under subsection (a) shall be for the fair market value of the Federal land to be conveyed, as determined-- (1) in accordance with the Federal Land Policy and Management Act of 1976 (43 U.S.C. 1701 et seq.); and”
The land is sold rather than given. The price is the fair market value of the land conveyed, and the first of the two ways the subsection fixes it is by reference to the Federal Land Policy and Management Act of 1976, which is not indexed here.
What the document actually says“The conveyance under subsection (a) shall be for the fair market value of the Federal land to be conveyed, as determined-- (1) in accordance with the Federal Land Policy and Management Act of 1976 (43 U.S.C. 1701 et seq.); and”
The county has to pay what the land is worth. An older land law says how that is worked out.
Fair market value is the price the land would fetch. The older law is from 1976. This site does not index it.
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