[Code of Federal Regulations]
[Title 10, Volume 4]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 10CFR770.8]

[Page 424]
 
                            TITLE 10--ENERGY
 
                    CHAPTER III--DEPARTMENT OF ENERGY
 
PART 770_TRANSFER OF REAL PROPERTY AT DEFENSE NUCLEAR FACILITIES FOR ECONOMIC 
 
Sec.  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.