30 C.F.R. § 585.541

Current through May 31, 2024
Section 585.541 - [Effective 7/15/2024] What is a qualified project for revenue sharing purposes?

A qualified project for the purpose of revenue sharing with eligible coastal States is one authorized under subsection 8(p) of the OCS Lands Act, which includes acreage within the area extending 3 miles seaward of State submerged lands. A qualified project is subject to revenue sharing with those States that are eligible for revenue sharing under § 585.542 . The entire area within a lease or grant for the qualified project, excluding project easements, is considered the qualified project area.

30 C.F.R. §585.541

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