7 CFR 3015.56 - Appraisal of real property.

Code of Federal Regulations - Title 7: Agriculture

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Title 7: Agriculture

Subtitle B: Regulations of the Department of Agriculture (Continued)

CHAPTER XXX: OFFICE OF THE CHIEF FINANCIAL OFFICER, DEPARTMENT OF AGRICULTURE

PART 3015: UNIFORM FEDERAL ASSISTANCE REGULATIONS

Subpart G: Cost-Sharing or Matching

3015.56 - Appraisal of real property.In some cases, it will be necessary to establish the market value of land or a building or the fair rental rate of land or of space in a building. In these cases, the awarding agency must require that the market value or fair rental rate be set by an independent appraiser (or by a representative of the U.S. General Services Administration, if available) and that the value or rate be certified by a responsible official of the party to which the property or its use is donated. This requirement must also be imposed by the recipient on subgrants.



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