Navada Blm Land Transactions Audit Oversight Hearing Before the Subcommittee O
Navada Blm Land Transactions Audit Oversight Hearing Before the Subcommittee O
Forests United States Congress House Committee On Resou
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Section 93 10. 04. D. 2 of the Bureau's Manual states that a "chief appraiser shall approve an amount which represents the Bureau's estimate of fair market value. " We found that the values of the first seven parcels of private land exchanged in the Virgin River Valley were originally approved by the Arizona Chief Appraiser and subsequently approved by the Nevada Chief Appraiser. The initial phase of the exchange was processed using those approved values. However, the values of the remaining 17... parcels, approved by the Arizona Chief Appraiser, were not used for the second phase of the exchange transaction. A Bureau employee told us that the Bureau's former Nevada State Director wanted his appraisal staff to perform another review of the contract appraisals for the remaining parcels because the proponent was "unhappy" with the values previously established. The Nevada Chief Appraiser assigned the review to one of his staff appraisers, who approved significantly higher values. The difference between the values approved by the two Bureau appraisers ranged from $5, 500 to $413, 679.
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