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<br />002890 <br /> <br />compliance with the National Environmental Policy Act, real estate boundary surveys, and so <br />forth. Reclamation will not provide new loans to finance transfers. <br /> <br />No transferred Federal asset will be considered for federal assistance for project operation, <br />maintenance, and replacement or capital construction purposes following completion of the <br />transfer. <br /> <br />Prior to the initiation of detailed discussions on title transfer, Reclamation and the potential <br />transferees will execute an agreement covering the responsibilities of all parties during the <br />negotiations. <br /> <br />A base value will be detennined for each project as it becomes the subject of serious <br />negotiations for transfer. (See attached guidance on valuation.) The negotiated price for the <br />project may deviate up or down from the base value. It will be necessary for Reclamation and <br />the interested non-Federal entity to document how the factual circumstances and equitable <br />treatment considerations justify such adjustments. In addition, Reclamation may consider <br />future uses on the transferred lands and waters in establishing a price. <br /> <br />Potentially affected State, local, and tribal governments, appropriate Federal agencies, and the <br />public will be notified of the initiation of discussions to transfer title and will have (1) the <br />opportunity to voice their views and suggest options for remedying any problems and (2) full <br />access to relevant information, including proposals, analyses, and reports related to the <br />proposed transfer. The title transfer process will be carried out in an open and public manner. <br /> <br />Once Reclamation has negotiated an agreement with a transferee, Reclamation will seek <br />legislation specifically authorizing the negotiated terms of the transfer of each project or <br />feature. <br /> <br />5 <br />