Direct Sale of the Reversionary Interest in a Recreation and Public Purposes Act Patent of Public Land in Jean, NV (NVNV105861510, Legacy N-101356)

Samenvatting

The Bureau of Land Management (BLM), Las Vegas Field Office (LVFO) has determined that the reversionary interest held by the United States in a 480-acre parcel of land previously patented under the Recreation and Public Purposes (R&PP) Act in Jean, Nevada, is acceptable for direct sale (without competition) to the State of Nevada (State), pursuant to section 203 of the Federal Land Policy and Management Act of 1976, as amended (FLPMA). Selling the reversionary interest would allow the State to repurpose the lands for economic development through the construction of commercial facilities and potential future leases to private commercial enterprises. The appraised fair market value (FMV) of the reversionary interest is $50,600,000.