GroundRules
30 CFR 585.520: What financial assurance must I provide when I obtain my limited lease, ROW grant, or RUE grant?
Where this section sits in the code
- Title 30—Mineral Resources
- CHAPTER V—BUREAU OF OCEAN ENERGY MANAGEMENT, DEPARTMENT OF THE INTERIOR
- SUBCHAPTER B—OFFSHORE
- PART 585—RENEWABLE ENERGY ON THE OUTER CONTINENTAL SHELF
- Subpart F—Payments and Financial Assurance Requirements
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.
Collected 2026-08-27T02:25:24Z. Source file · JSON