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§585.508. What rent payments must I pay on ROW grants or RUE grants associated with renewable energy projects?

30 C.F.R. § 585.508

(a)
For each ROW grant BOEM approves under subpart D of this part, you must pay annual rent of $5 per acre to ONRR as provided in 30 CFR 1218.51 and as determined by § 585.301(a), but in no case less than $450, for use of the grant, unless specified otherwise in the grant.
(b)
For each RUE grant BOEM approves under subpart D of this part, you must pay rent to ONRR as provided in 30 CFR 1218.51 in the amount of:
(1)
$5 per acre per year; or
(2)
A minimum of $450 per year.
(c)
You must make the rent payments required by paragraphs (a) and (b) of this section on:
(1)
An annual basis;
(2)
For a 5-year period; or
(3)
For multiples of 5 years.
(d)
You must make the first annual rent payment upon approval of your ROW grant or RUE grant request, as provided in § 585.500, and all subsequent rent payments to ONRR in accordance with the regulations at 30 CFR 1218.51.
Notes, amendments, and revision history

Source

Source: 89 FR 42740, May 15, 2024, unless otherwise noted.

Authority

Authority: 43 U.S.C. 1337.

Source

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