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88 FR 6430, Jan. 31, 2023, unless otherwise noted.
89 FR 42740, May 15, 2024, unless otherwise noted.
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(a) The rent for a limited lease is $3 per acre per year, unless otherwise established in the Final Sale Notice and/or your lease instrument.
(b) You must pay ONRR the initial 12 months' rent 45 days after you receive the lease copies from BOEM in accordance with the requirements provided in § 585.500(c)(3).
(c) You must pay ONRR as provided in 30 CFR 1218.51 the rent due at the beginning of each subsequent 1-year period on the entire lease area for the duration of your operations period.
(d) BOEM will not charge an operating fee for the authorized sale of power from a limited lease.