Code of Federal Regulations · Section
§ 3515.21 — What Types Of Lands Can Be Exchanged?
43 C.F.R. § 3515.21
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The lands to be leased in exchange for your existing rights must be:
(a) Subject to leasing under the authorities of this part; and
(b) Acceptable to both you and BLM as a lease tract containing a deposit of leasable or hardrock minerals of equal value to your existing rights.
Authorizing Statute
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Congressional declaration of policy43 U.S.C. § 1701