[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: 43CFR1882.5-2]



[Page 47]

 

                    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.