[Code of Federal Regulations]
[Title 43, Volume 2]
[Revised as of October 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 43CFR1881.40]

[Page 48]
 
                    TITLE 43--PUBLIC LANDS: INTERIOR
 
    CHAPTER II--BUREAU OF LAND MANAGEMENT, DEPARTMENT OF THE INTERIOR
 
PART 1880_FINANCIAL ASSISTANCE, LOCAL GOVERNMENTS--Table of Contents
 
                 Subpart 1881_Payments in Lieu of Taxes
 
Sec. 1881.40  How does BLM process section 6905 payments?

    (a) The BLM disburses payments to qualified units of general local 
government provided the administering agency supplies the following 
information for each qualified unit of general local government:
    (1) Acreage or interests in land for which the payments are 
authorized; and
    (2) Any other information BLM may require to certify payments to 
each qualified unit of general local government.
    (b) BLM disburses payments until 5% of the fair market value is paid 
in full.