§ 585.508. What rent payments must I pay on ROW grants or RUE grants associated with renewable energy projects?
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/us/cfr/t30/s§ 585.508·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(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.
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§ 585.508
What rent payments must I pay on ROW grants or RUE grants associated with renewable energy projects?
Fed. Reg.×3
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