Statutes, codes, and regulations
Code of Federal Regulations
Title 30 - MINERAL RESOURCESChapter V - BUREAU OF OCEAN ENERGY MANAGEMENT, DEPARTMENT OF THE INTERIORSubchapter B - OFFSHOREPart 585 - RENEWABLE ENERGY ON THE OUTER CONTINENTAL SHELFSubpart F - PAYMENTS AND FINANCIAL ASSURANCE REQUIREMENTS
FINANCIAL ASSURANCE FOR LIMITED LEASES, ROW GRANTS, AND RUE GRANTS
Section 585.520 - What financial assurance must I provide when I obtain my limited lease, ROW grant, or RUE grant?

30 C.F.R. § 585.520

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Current through September 30, 2024
Section 585.520 - What financial assurance must I provide when I obtain my limited lease, ROW grant, or RUE grant?

Before BOEM will execute your limited lease, ROW grant, or RUE grant, or approve an assignment of an interest therein, you or a proposed assignee must guarantee compliance with all terms and conditions of the lease or grant by providing a bond or other authorized financial assurance in the amount of 12 months' rent.

30 C.F.R. §585.520

88 FR 6430, 1/31/2023; 89 FR 42740, 7/15/2024