43 U.S.C. § 869-1 : US Code - Section 869-1: Sale or lease to State or nonprofit organization; reservation of mineral deposits; termination of lease for nonuse

Search 43 U.S.C. § 869-1 : US Code - Section 869-1: Sale or lease to State or nonprofit organization; reservation of mineral deposits; termination of lease for nonuse

The Secretary of the Interior may after due consideration as to
the power value of the land, whether or not withdrawn therefor, (a)
sell such land to the State, Territory, county, or other State,
Territorial, or Federal instrumentality or political subdivision in
which the lands are situated, or to a nearby municipal corporation
in the same State or Territory, for the purpose for which the land
has been classified, and conveyances of such land for historic-
monument purposes or recreational purposes under this section
shall be made without monetary consideration, while conveyances for
any other purpose under this section shall be made at a price to be
fixed by the Secretary of the Interior through appraisal or
otherwise, after taking into consideration the purpose for which
the lands are to be used, (b) lease such land to the State,
Territory, county, or other State, Territorial, or Federal
instrumentality or political subdivision in which the lands are
situated, or to a nearby municipal corporation in the same State or
Territory, for the purpose for which the land has been classified,
at a reasonable annual rental, except that leases of such lands for
recreational purposes shall be made without monetary consideration,
for a period up to twenty-five years, and, at the discretion of the
Secretary, with a privilege of renewal for a like period, (c) sell
such land to a nonprofit corporation or nonprofit association, for
the purpose for which the land has been classified, at a price to
be fixed by the Secretary of the Interior through appraisal, after
taking into consideration the purpose for which the lands are to be
used, or (d) lease such land to a nonprofit corporation or
nonprofit association at a reasonable annual rental, for a period
up to twenty years, and, at the discretion of the Secretary, with a
privilege of renewal for a like period. Each patent or lease so
issued shall contain a reservation to the United States of all
mineral deposits in the lands conveyed or leased and of the right
to mine and remove the same, under applicable laws and regulations
to be established by the Secretary. Each lease shall contain a
provision for its termination upon a finding by the Secretary that
the land has not been used by the lessee for the purpose specified
in the lease for such period, not over five years, as may be
specified in the lease, or that such land or any part thereof is
being devoted to another use.