[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: 43CFR1882.5-2]

[Page 51]
 
                    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. 1882.5-2  Interest rate.

    Loans shall bear interest at a rate equivalent to the lowest 
interest rate paid on an issue of at least $1 million of bonds exempt 
from Federal taxes of the applicant State or any agency thereof within 
the calendar year immediately preceding the year of the loan. Proof of 
each rate shall be furnished by an applicant with its application.