[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: 43CFR1882.6]



[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.  1882.6  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.