Section 162.440 - What is the approval process for a business lease?(a) Before we approve a business lease, we must determine that the lease is in the best interest of the Indian landowners. In making that determination, we will: (1) Review the lease and supporting documents;(2) Identify potential environmental impacts and ensure compliance with all applicable environmental laws, land use laws, and ordinances;(3) If the lease is being approved under 25 U.S.C. 415 , assure ourselves that adequate consideration has been given to the factors in 25 U.S.C. 415(a) ; and(4) Require any lease modifications or mitigation measures necessary to satisfy any requirements including any other Federal or tribal land use requirements.(b) Upon receiving a business lease package, we will promptly notify the parties whether the package is or is not complete. A complete package includes all the information and supporting documents required under this subpart, including but not limited to, NEPA review documentation and valuation documentation, where applicable.(1) If the business lease package is not complete, our letter will identify the missing information or documents required for a complete package. If we do not respond to the submission of a business lease package, the parties may take action under § 162.463 .(2) If the business lease package is complete, we will notify the parties of the date of our receipt. Within 60 days of the receipt date, we will approve or disapprove the lease, return the package for revision, or inform the parties in writing that we need additional review time. If we inform the parties in writing that we need additional time, then:(i) Our letter informing the parties that we need additional review time must identify our initial concerns and invite the parties to respond within 15 days of the date of the letter; and(ii) We have 30 days from sending the letter informing the parties that we need additional time to approve or disapprove the lease.(c) If we do not meet the deadlines in this section, then the parties may take appropriate action under § 162.463 .(d) We will provide any lease approval or disapproval and the basis for the determination, along with notification of any appeal rights under part 2 of this chapter, in writing to the parties to the lease.(e) We will provide approved business leases on tribal land to the lessee and provide a copy to the tribe. We will provide approved business leases on individually owned Indian land to the lessee, and make copies available to the Indian landowners upon written request.