The Buy-Back Program respects and upholds Tribal sovereignty. The Program strives to tailor efforts to each location based on Tribal involvement and priorities. The below organizes steps Tribes can take to prepare for the Program by relevant phase.
There are several things that Tribal leaders can do to prepare for the Program, including:
Outreach refers to the continuous process of communicating with landowners regarding the potential opportunity to sell their fractional interests and to help them understand their options. Tribes can support landowners by:
Land Research includes the development of data related to mapping and land use, as well as other data necessary to establish fair market value for fractionated tracts. Tribes can assist in the land research process by:
Valuation is the process of appraising fractionated tracts to determine fair market value. Tribes are encouraged to be familiar with the valuation process prior to Program Implementation. Tribes can take steps to learn more by:
Acquisition is the process of making offers to landowners and, once approved by the Program, transferring the voluntarily sold interests to the Tribes with jurisdiction. Tribes can learn more about the acquisition process by reading about: