30 C.F.R. § 585.504

Current through May 31, 2024

Section 585.504 - [Effective 7/15/2024] How are my payments affected if I develop my commercial lease in phases?

If you develop your commercial lease in phases as approved by BOEM in your COP under § 585.238 , you must pay ONRR as provided in 30 CFR 1218.51 :

(a) Rent on the portion of the lease that has not commenced commercial operations.

(b) Operating fees on the portion of the lease that has commenced commercial operations, in the amount specified in § 585.506 and as described in § 585.503(b) .

(c) Rent for a project easement in addition to lease rent, as provided in § 585.507 . You must commence rent payments for your project easement upon our approval of your COP.

30 C.F.R. §585.504

88 FR 6430, 1/31/2023; 89 FR 42740, 7/15/2024