Section 585.435 - [Effective until 7/15/2024] How can I relinquish a lease or a grant or parts of a lease or grant?(a) You may surrender the lease or grant, or an officially designated subdivision thereof, by filing one paper copy and one electronic copy of a relinquishment application with BOEM. A relinquishment takes effect on the date we approve your application, subject to the continued obligation of the lessee and the surety to: (1) Make all payments due on the lease or grant, including any accrued rent and deferred bonuses;(2) Decommission all facilities on the lease or grant to be relinquished to the satisfaction of BSEE; and(3) Perform any other outstanding obligations under the lease or grant.(b) Your relinquishment application must include:(6) BOEM-assigned lease or grant number, and, if applicable, the name of any facility;(7) A description of the geographic area you are relinquishing;(8) The name, title, and signature of your authorizing official (the name, title, and signature must match exactly the name, title, and signature in BOEM qualification records); and(9) A statement that you will adhere to the requirements of 30 CFR part 285 , subpart I.(c) If you have submitted an application to relinquish a lease or grant, you will be billed for any outstanding payments that are due before the relinquishment takes effect, as provided in paragraph (a) of this section.