§ 585.541. What is a qualified project for revenue sharing purposes?
79 words·~1 min read·
/us/cfr/t30/s§ 585.541·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A qualified project for the purpose of revenue sharing with eligible coastal States is one authorized under subsection 8(p) of the OCS Lands Act, which includes acreage within the area extending 3 miles seaward of State submerged lands. A qualified project is subject to revenue sharing with those States that are eligible for revenue sharing under § 585.542. The entire area within a lease or grant for the qualified project, excluding project easements, is considered the qualified project area.