Section 585.508 - [Effective 7/15/2024] What rent payments must I pay on ROW grants or RUE grants associated with renewable energy projects?(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: (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 .88 FR 6430, 1/31/2023; 89 FR 42740, 7/15/2024