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43 C.F.R. § 44.40   How does the Department process payments for lands in the Redwood National Park or Lake Tahoe Basin?

Title 43: Public Lands: Interior
PART 44—FINANCIAL ASSISTANCE, LOCAL GOVERNMENTS
Payments to Local Governments for Interest in Lands in the Redwood National Park or Lake Tahoe Basin

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§ 44.40   How does the Department process payments for lands in the Redwood National Park or Lake Tahoe Basin?

This section describes how the Department disburses payments for lands in the Redwood National Park or Lake Tahoe Basin (section 6905 payments).

(a) The Department disburses payments to qualified local governments only if the administering agency supplies the following information for each qualified local government:

(1) Acreage or interests in land for which the payments are authorized; and

(2) Any other information the Department may require to certify payments to each qualified local government.

(b) The Department disburses payments until 5 percent of the fair market value is paid in full.