10 CFR § 770.8 Transfer of Real Property at Defense Nuclear Facilities for Economic Development

§ 770.8 May DOE transfer real property at defense nuclear facilities for economic development at less than fair market value?

Current through Oct 5, 2026 · Read all of Part 770

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.

← § 770.7 What procedures are to be used to transfer real property at defense nuclear facilities for economic development?§ 770.9 What conditions apply to DOE indemnification of claims against a person or entity based on the release or threatened release of a hazardous substance or pollutant or contaminant attributable to DOE? →