[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: 43CFR1882.6]

[Page 52]
 
                    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. 1882.6  Loan renegotiation.

    The Secretary may, upon application of a qualified State or one of 
its qualified political subdivisions, take any steps he determines 
necessary and justified by the failure of anticipated mineral 
development or related revenues to materialize as expected when the loan 
was made under this subpart to renegotiate the loan, including 
restructuring of the loan. All applications submitted under this section 
shall set forth in detail the basis for the renegotiation of the loan. 
The renegotiated loan shall meet the requirements of this subpart to the 
extent possible.