§ 17.2 Definitions.

As used in the regulations in this part:

Authorized officer(a) shall mean an officer or employee of the National Park Service designated to conduct the sale or lease and delegated authority to execute all necessary documents, including deeds and leases.

unit(b) The term of the National Park System means any area of land or water administered by the Secretary of the Interior through the National Park Service for park, monument, historic, parkway, recreational, or other purposes.

national park(c) The term means any unit of the National Park System the organic act of which declares it to be a “national park.”

national monument of scientific significance(d) The term means a unit of the National Park System designated as a national monument by statute or proclamation for the purpose of preserving landmarks, structures, or objects of scientific interest.

person(e) The term includes but is not necessarily limited to an individual partnership, corporation, or association.

freehold interest(f) The term means an estate in real property of permanent or of indefinite duration.

leasehold interest(g) The term means an estate in real property for a fixed term of years or an estate from month-to-month or from year-to-year.

fair market value(h) The term means the appraised value as set forth in an approved appraisal made for the Secretary for the interest to be sold or leased.

[42 FR 46302, Sept. 15, 1977, as amended at 62 FR 30234, June 3, 1997]