Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 43 - Public Lands: Interior |
Subtitle B - Regulations Relating to Public Lands |
Chapter II - Bureau of Land Management, Department of the Interior |
SubChapter A - General Management (1000) |
Part 1880 - Financial Assistance, Local Governments |
Subpart 1881 - Payments in Lieu of Taxes |
Payments to Local Governments for Interest in Lands in the Redwood National Park or Lake Tahoe Basin (31 U.S.C. 6905) |
§ 1881.40 - How does BLM process section 6905 payments?
Latest version.
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(a) The BLM disburses payments to qualified units of general local government provided the administering agency supplies the following information for each qualified unit of general local government:
(1) Acreage or interests in land for which the payments are authorized; and
(2) Any other information BLM may require to certify payments to each qualified unit of general local government.
(b) BLM disburses payments until 5% of the fair market value is paid in full.