§ 585.507. What rent payments must I pay on a project easement?
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/us/cfr/t30/s§ 585.507·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)You must pay rent to ONRR as provided in 30 CFR 1218.51 for your project easement in the amount of \$5 per acre, subject to a minimum of \$450 per year, unless specified otherwise in the lease.
(1)The size of the project easement will be determined according to § 585.628(g)(1).
(2)The size of a project easement area for an accessory platform is limited to the areal extent of anchor chains and other facilities and devices associated with the accessory.
(b)You must commence rent payments for your project easement upon our approval of your COP or GAP:
(1)You must make the first rent payment as provided in § 585.500;
(2)You must submit all subsequent rent payments in accordance with the regulations at 30 CFR 1218.51; and
(3)You must continue to pay annual rent for your project easement until your lease is terminated.
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