[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: 43CFR1882.2]

[Page 50]
 
                    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 1882_Mineral Development Impact Relief Loans
 
Sec. 1882.2  Qualifications.

    (a) Any State receiving payments from the Federal Government under 
the provisions of section 35 of the Act or any political subdivision of 
such a State that can document to the satisfaction of the Director that 
it has suffered or will suffer adverse social and economic impacts as a 
result of the leasing and development of Federal mineral deposits under 
the provisions of the Act shall be considered qualified to receive loans 
made under this subpart.
    (b) A loan to a qualified political subdivision of a State receiving 
payment from the Federal Government under the provisions of section 35 
of the Act shall be conditioned upon a showing of proof, satisfactory to 
the Director, by the political subdivision that it has legal authority 
to pledge funds payable to the State under section 35 of the Act in 
sufficient amounts to secure the payment of the loan.