Agencies Generally Used Similar Standards and Appraisal Methodologies in CALFED and CVPIA Transactions
GAO-02-278R, Jan 23, 2002
- Accessible Text:
Since 1994, the CALFED Delta-Bay and Central Valley Project Improvement Act has provided more than $63 million to buy private lands in California for wetlands mitigation and wildlife enhancement. Federal agencies and nonprofit organizations have acquired 101,800 acres--94,300 acres in full ownership and 7,500 acres in partial interest or easements that restrict how land may be used. The three federal agencies and nonprofit organization GAO reviewed use the Uniform Standards for Federal Land Acquisitions for appraisals. All the entities developed and used supplemental appraisal guidance, which was generally consistent across the entities. The agencies and nonprofit organization used similar methodologies with one exception. The National Resources Conservation Service does not consider the land's residual value when making its appraisals as specified in the Uniform Standards.