Oklahoma Administrative Code
Title 385 - Department of the Commissioners of the Land Office
Chapter 30 - Sale of School Land
Section 385:30-1-4 - Appraisal
Universal Citation: OK Admin Code 385:30-1-4
Current through Vol. 41, No. 13, March 15, 2024
School land shall be appraised prior to sale by three duly authorized appraisers to establish a fair market value. Land shall not be sold for less than the appraised value. Lessee owned improvements will be appraised separately. If Lessee is not the purchaser, he will be paid for improvements by purchaser at closing.
Amended at 16 Ok Reg 1459, eff 5-27-99
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