---
kind: "section"
citation: "43 C.F.R. § 3435.2"
title: "43"
number: "3435.2"
heading: "Qualified exchange proponents: Limitations."
url: "https://uscodex.org/cfr/43/3435.2"
---

# §3435.2. Qualified exchange proponents: Limitations.

- (a) Any person who holds a Federal coal lease, or a preference right lease application that has been found to meet the commercial quantities requirements of §§ [3430.1](/cfr/43/3430.1.md) and [3430.5](/cfr/43/3430.5.md) of this title on lands described in [§ 3435.1](/cfr/43/3435.1.md) of this title is qualified to ask the Secretary to initiate an exchange.
- (b) Except for leases qualified under [subpart 3436 of this title](/cfr/43/subpart3436.md), the Secretary may issue a new coal lease in exchange for the relinquishment of outstanding leases or lease applications only in those cases where the Congress has specifically authorized such exchanges.
- (c) The Secretary shall evaluate each qualified exchange request and determine whether an exchange is in the public interest.
- (d) Any modification of a coal lease in an exchange under this subpart shall be subject to the limitations in §§ [3432.1(a)](/cfr/43/3432.1.md?p=a), [3432.2(b)](/cfr/43/3432.2.md?p=b) and [3432.3(a)](/cfr/43/3432.3.md?p=a) of this title.

## Notes

### Amendments

[44 FR 42628, July 19, 1979, as amended at 47 FR 33144, July 30, 1982]

### Authority

Authority: 30 U.S.C. 181 et seq.; 30 U.S.C. 351-359; 30 U.S.C. 521-531; 30 U.S.C. 1201 et seq.; and 43 U.S.C. 1701 et seq.

### Source

Source: 44 FR 42628, July 19, 1979, unless otherwise noted.

### Amendments

[44 FR 42628, July 19, 1979, as amended at 47 FR 33144, July 30, 1982]