La. Admin. Code tit. 43 § I-1138

Current through Register Vol. 50, No. 11, November 20, 2024

Section I-1138 - Award of an Alternative Energy Source Lease

A. At the next regular board meeting following conclusion of the staff's examination and evaluation of the bids for an AESL, after the staff has technically briefed the board in executive session as to the merit of the bids and the approval of the COP, the board shall reconvene in open session at the lease sale. The OMR designee shall publicly announce the staff's recommendations to the board as to which bids should be accepted and which bids should be rejected, and providing the reasons for rejection. The board shall announce its AESL award decision at the lease sale.

B. Information, including bids, all required authorizations and approvals, and award of any AESL shall be published in the DNR Strategic Online Natural Resources Information System ("SONRIS").

C. The cash bonus and administrative fee, as required pursuant to §1104, shall be due within 24 hours of the award of the AESL. Payments shall be made payable to the "Office of Mineral Resources" via certified funds, bank money order, cashier's check, bank wire, or Automated Clearing House (ACH) transfer. Failure to submit payments within 24 hours of the award of the AESL shall be deemed forfeiture by the applicant of the AESL.

La. Admin. Code tit. 43, § I-1138

Promulgated by Department of Natural Resources, Office of Mineral Resources, LR 38:135 (January 2012).

AUTHORITY NOTE: Promulgated in accordance with R.S. 30:124.