30 C.F.R. § 585.508

Current through September 30, 2024
Section 585.508 - 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:
(1) An annual basis;
(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 .

30 C.F.R. §585.508

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