Reconveyance & Reversionary Interest
Processed like a land donation. No cash is transferred
What is a reconveyance?
A utility company and/or power lines crossing the corner of the lease and not serving the lease that are independent and encumbering the R&PP
What is a third party use?
classified lands for disposal
What is needed for existing leased environmental hazard sites before going to patent?
Application form 2740-1 or letter
What are documents that a lessee can use to request a patent?
50% of FMV, except only 10% discount may be applied if use is restricted
What is the rental or purchase price for non-profit entities?
Section 203 of FLPMA
What is the Authority for the Sale of reversionary interest?
WO IM 99-179
WO IM 2011-162
What are the IM's describing third party uses?
No New Leases - Direct to Conveyance
Conveyed with Limited Reversionary Interest to the United States
What is an environmental hazard R&PP?
Review Classification (NORA), NEPA, LSR,
Environmental Site Assessment (ESA), Compliance Inspections
What are things to review before a patent can be requested?
Determines fair market value
What is an appraisal?
Verify land use plan conformance
Consult w/ State Office, SD approval
Request Appraisal
Publish New NORA
What are steps for processing a request to purchase reversionary interest?
interest or control
What cannot be transferred on a third party use?
Term that Environmental Hazard sites may be renewed for only if the lessee is working toward patent
What is one year?
Authority, Name of Patentee, Amount, Reserved:, Subject to:, Reverter Clause, Indemnification
What are the sections of a patent?
Ditches & Canals, Minerals
What are reserved to the United States?
•Quarterly during the first 5-year period
•Every 2 years thereafter to confirm operation consistent with POD
•At the end of the 5 years, Authorized Officer determines if any of the lands not used should revert to the United States
How often are compliance inspections required for new landfill leases?
Right-of-way grant, permit
What are tools used to approve a third party use?
Declaratory covenant
What is a term and condition included in a environmental hazardous sites patent?
Interior Valuation Information System (IVIS) Worksheet
What form is used to request an appraisal?
No cost, $10 per acre, with a $50 minimum per transaction, 50% of FMV, except only 10% discount may be applied if use is restricted
What are the purchase prices for governmental entities?
Deed that does not warrant title
What is a quit claim deed?
Uses on a lease or patent that do not provide a direct or indirect benefit to the purpose for which the lease or patent was authorized?
What is not allowed? (could also be a trespass)
Must be in conformance with EPA regulations and applicable State requirements and formally closed by the State and the EPA
What is termination of a landfill?
Reverter clause, minerals reserved to the United States
What are terms and conditions found in a patent?
Limited reverter and specific provisions regarding nondiscrimination
What are standard terms and conditions for environmental hazard sites (landfills)?