§ 585.500. How do I make payments under this part?
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/us/cfr/t30/s§ 585.500·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)For acquisition fees or the initial 12 months' rent paid for the preliminary period of your lease, you must make your electronic payments through the Fees for Services page on the BOEM website at https://www.boem.gov, and you must include one copy of the Pay.gov confirmation receipt page with your unsolicited request.
(b)For all other required rent payments and for operating fee payments, you must make your payments as required in 30 CFR 1218.51.
(c)The following table summarizes payments you must make for leases and grants, unless otherwise specified in the Final Sale Notice: Payment Amount Due date Payment mechanism Section reference Initial payments for leases
(1)If your lease is issued competitively ``` ``` Bid Deposit ``` ``` As set in Final Sale Notice/depends on bid ``` ``` With bid ``` ``` Pay.gov ``` ``` § 585.501. Bonus Balance Within 10 business days of receiving the unsigned lease 30 CFR 1218.51 § 585.225.
(2)If your lease is issued non-competitively ``` ``` Acquisition Fee ``` ``` \$0.25 per acre, unless otherwise set by the Director ``` ``` With application ``` ``` Pay.gov ``` ``` § 585.502.
(3)All leases ``` ``` Initial Rent ``` ``` \$3 per acre per year ``` ``` Within 45 calendar days after receiving your copy of the executed lease from BOEM ``` ``` Pay.gov ``` ``` § 585.503. Subsequent payments for leases and project easements
(4)All leases ``` ``` Subsequent Rent, unless otherwise provided in the terms of the lease ``` ``` \$3 per acre per year ``` ``` Annually ``` ``` 30 CFR 1218.51 ``` ``` §§ 585.503 and 585.504.
(5)If you have a project easement ``` ``` Rent, unless otherwise provided in the terms of the grant ``` ``` Greater of \$5 per acre per year or \$450 per year ``` ``` Upon COP or GAP approval, then annually ``` ``` 30 CFR 1218.51 ``` ``` § 585.507.
(6)If your commercial lease is producing ``` ``` Operating Fee ``` ``` Determined by the formula in § 585.506 ``` ``` Annually ``` ``` 30 CFR 1218.51 ``` ``` § 585.506. Payments for ROW grants and RUE grants 1
(7)All ROW grants and RUE grants ``` ``` Initial Rent ``` ``` Greater of \$5 per acre per year or \$450 per year, unless otherwise established in the grant ``` ``` Grant execution ``` ``` Pay.gov ``` ``` § 585.508. Subsequent Rent Annually or in 5-year batches 30 CFR 1218.51 ::: {.table_foot} 1 There is no acquisition fee for ROW grants or RUE grants. :::
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