43 U.S.C. § 3003

Current through P.L. 118-107 (published on www.congress.gov on 11/21/2024)

Section 3003 - Increasing economic certainty

(a) Considerations

The Secretary may consider acreage rental rates, capacity fees, and other recurring annual fees in total when evaluating existing rates paid for the use of Federal land by eligible projects.

(b) Reductions in base rental rates

The Secretary may reduce acreage rental rates and capacity fees, or both, for existing and new wind and solar authorizations if the Secretary determines-

(1) that the existing rates-

(A) exceed fair market value;

(B) impose economic hardships;

(C) limit commercial interest in a competitive lease sale or right-of-way grant; or

(D) are not competitively priced compared to other available land; or

(2) that a reduced rental rate or capacity fee is necessary to promote the greatest use of wind and solar energy resources.

43 U.S.C. § 3003

Pub. L. 116-260, div. Z, title III, §31033103,, 134 Stat. 2516.

Federal land: The term "Federal land" means-(A) public land as defined by section 103 of the Federal Land Policy Management Act of 1976 ( 43 U.S.C. 1702 ); or(B) land of the National Forest System (as defined in section 1609(a) of title 16).
Secretary: The term "Secretary" means the Secretary of the Interior.