BLM Could Enhance Appraisal Process, More Explicitly Consider Coal Exports, and Provide More Public Information
February 4, 2014
The U.S. Government Accountability Office (GAO) recently released findings related to coal leasing and the need for the Bureau of Land Management (BLM) to enhance the appraisal process. GAO found that the BLM consistently failed to explain the rationale for accepting bids for coal leasing on federal land that at least initially were far below the actual fair market value presale estimates.
The report stated that the state offices of the BLM did not allow independent review of these leasing agreements with coal companies. Additionally, GAO cited that the BLM failed to take advantage of an independent third party appraisal within the Department of the Interior (Office of Valuation of Services). Lastly, GAO was highly critical of the BLM’s failure to provide even limited information to the public on federal coal leasing.
 Read article at http://www.gao.gov/products/GAO-14-140
 See document at http://www.gao.gov/assets/660/659801.pdf