La. Admin. Code tit. 43 § V-707

Current through Register Vol. 50, No. 11, November 20, 2024

Section V-707 - Registration [Formerly LAC 43:I.1007]

A. Applicant Registration. Any party who wants to apply for a state wind lease shall register certain information with the Office of Mineral Resources on a one-time basis prior to submitting an application. Registration consists of completing and submitting an official Applicant Registration Form.

1. Prospective Leaseholder Registration. All prospective leaseholders of state wind leases shall register certain information and proof of current authorization to do business in the state of Louisiana with the Office of Mineral Resources and thereafter renew their registration annually by January 31. Only those bidders who are registered as prospective leaseholders with the Office of Mineral Resources shall be allowed to bid on tracts for the purpose of obtaining a state wind lease. Transfers or assignments of state wind leases shall not be granted to prospective leaseholders that are not currently registered as a prospective leaseholder with the Office of Mineral Resources.

a. Registration consists of submitting a completed official prospective leaseholder registration form (obtainable from the Office of Mineral Resources) and an appropriate certificate from the Louisiana Secretary of State to the Office of Mineral Resources as follows:

i. individual/sole proprietorship-no certificate required;

ii. corporation-good standing certificate;

iii. limited liability company-good standing certificate; and

iv. partnership-existence certificate.

b. If a current record state wind lessee fails to maintain his Prospective Leaseholder Registration with the Office of Mineral Resources, the State Mineral Board may levy liquidated damages of $100 per day until the unregistered lessee is properly registered.

La. Admin. Code tit. 43, § V-707

Promulgated by the Department of Natural Resources, Office of Mineral Resources, LR 34:260 (February 2008), repromulgated LR 411733 (9/1/2015).

AUTHORITY NOTE: Promulgated in accordance with R.S. 41:1734.