La. Admin. Code tit. 43 § I-1104
Current through Register Vol. 50, No. 11, November 20, 2024
Section I-1104 - Cash Bonus and Fees for Alternative Energy Source LeasesA. The state shall collect a cash bonus for all AESLs. In addition to the cash bonus, the board, through the Office of Mineral Resources (OMR), shall collect an administrative fee for such leasing in the amount of 10 percent of the total cash bonus paid. Such payments shall be due within 24 hours of award of the state Alternative Energy Lease.B. The state may collect additional payments for an Alternative Energy Source Lease if authorized by statute.La. Admin. Code tit. 43, § I-1104
Promulgated by Department of Natural Resources, Office of Mineral Resources, LR 34:260 (February 2008), LR 38:126 (January 2012).AUTHORITY NOTE: Promulgated in accordance with R.S. 30:124.