[Code of Federal Regulations]

[Title 43, Volume 2]

[Revised as of October 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 43CFR1882.2]



[Page 46]

 

                    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.