---
kind: "section"
citation: "30 C.F.R. § 585.433"
title: "30"
number: "585.433"
heading: "What must I do after my lease or grant terminates?"
url: "https://uscodex.org/cfr/30/585.433"
---

# §585.433. What must I do after my lease or grant terminates?

- (a) **After your lease or grant terminates, you must—**
  - (1) Make all payments due, including any accrued rentals and deferred bonuses; and
  - (2) **Perform any other outstanding obligations under the lease or grant within 6 months.**
- (b) Within 2 years following termination of a lease or grant, you must remove or dispose of all facilities, installations, and other devices permanently or temporarily attached to the seabed on the OCS in accordance with your BOEM-issued lease for hydrokinetic facilities or an application approved by BSEE under [30 CFR part 285](/cfr/30/part285.md), subpart I.
- (c) If you fail to comply with your BOEM-issued lease for hydrokinetic facilities or decommissioning application:
  - (1) BOEM may call for the forfeiture of your financial assurance; and
  - (2) You remain liable for removal or disposal costs and responsible for accidents or damages that might result from such failure.

## Notes

### Source

Source: 89 FR 42736, May 15, 2024, unless otherwise noted.

### Authority

Authority: 43 U.S.C. 1337.

### Source

Source: 88 FR 6430, Jan. 31, 2023, unless otherwise noted.