§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
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.
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:
$5 per acre per year; or
A minimum of $450 per year.
An annual basis;
For a 5-year period; or
For multiples of 5 years.
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.