Code of Federal Regulations · Section
§ 710.707 — Fair Market Value
23 C.F.R. § 710.707
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A highway agency shall receive fair market value for any concession agreement involving a federally funded highway.
Authorizing Statute
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Proceeds from the sale or lease of real property23 U.S.C. § 156
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Definitions and declaration of policy23 U.S.C. § 101