La. Admin. Code tit. 43 § I-1139

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

Section I-1139 - Issuance and Execution of an Alternative Energy Source Lease

A. OMR shall assign an AESL number to each lease awarded by the board, prepare the AESL as awarded, and mail no less than three original copies, properly executed by the board, to the alternative energy source lessee, via certified USPS mail, return receipt requested.

B. Upon receipt of the lease package via certified mail, the alternative energy source lessee will have 20 days from the date on the certified mail receipt or, if no date is affixed thereon, from the date the board, through OMR, receives the certified mail receipt, to return to the board, through OMR, one fully executed original lease contract and the recordation information from each parish wherein it is recorded. Failure to return one fully executed original lease contract and the recordation information from each parish wherein the lease is recorded to the board, through OMR, within 20 days may result in forfeiture of the AESL, including the dollar amount (bonus) and 10 percent a dministrative fee. Failure to follow the notarization requirements of R.S. 35:12 shall cause the lease to be rejected.

C. Any party may request proof that a particular AESL granted by the board was timely executed by using the official form available from OMR. Proof of timely execution of lease consists of a certificate issued by the board, through OMR, certifying that the lease was received by the board, through OMR, duly executed by the lessee, within the allotted 20 day period. There is a fee of $5 for providing proof of timely execution of a lease.

La. Admin. Code tit. 43, § I-1139

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.