43 USC 3003 - Increasing economic certainty

U.S Code last checked for updates: Nov 22, 2024

§ 3003.

Increasing economic certainty

(a)

Considerations

(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.

(Pub. L. 116–260, div. Z, title III, § 3103, Dec. 27, 2020, 134 Stat. 2516.)

cite as: 43 USC 3003