[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: 43CFR1882.3]



[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.  1882.3  Application procedures.



    No later than October 1 of the fiscal year in which a loan is to be 

made, the State or its political subdivision shall submit to the 

Director a letter signed by the authorized agent requesting a loan. The 

authorized agent shall furnish proof of authority to act for the State 

or political subdivision with the application. Such letter shall 

constitute a formal application for a loan under this subpart and shall 

contain the following:

    (a) The name of the State or political subdivision requesting the 

loan.

    (b) The amount of the loan requested.

    (c) The name, address, and position of the person in the State or 

political subdivision who is to serve as contact on all matters 

concerning the loan.

    (d) A description and documentation of the adverse social and 

economic impacts suffered as a result of the leasing and development of 

Federal mineral deposits.

    (e) An analysis and documentation of the additional expenses 

generated as a result of the leasing and development of Federal 

minerals.

    (f) Proposed uses of the funds derived from the loan.

    (g) Evidence that the loan and repayment provisions are authorized 

by State law.

    (h) The Director may request any additional information from the 

applicant that is needed to properly act on the loan application. The 

applicant shall furnish such additional information in any form 

acceptable to the applicant and the Director. No loan shall be granted 

unless such additional information is timely received by the Director.