30 CFR 585.520 - What financial assurance must I provide when I obtain my limited lease, ROW grant, or RUE grant?

Regulations last checked for updates: Oct 18, 2024

Title 30 - Mineral Resources last revised: Oct 03, 2024

View all text of Subpart F [§ 585.500 - § 585.599]

§ 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.

authority: 43 U.S.C. 1337.

source: 88 FR 6430, Jan. 31, 2023, unless otherwise noted.

cite as: 30 CFR 585.520