{"data":{"id":"us/30-cfr-585.433","jurisdiction":"us","citation":"30 CFR 585.433","heading":"What must I do after my lease or grant terminates?","body":"(a) After your lease or grant terminates, you must:\n(1) Make all payments due, including any accrued rentals and deferred bonuses; and\n(2) Perform any other outstanding obligations under the lease or grant within 6 months.\n(b) Within 2 years following termination of a lease or grant, you must remove or dispose of all facilities, installations, and other devices permanently or temporarily attached to the seabed on the OCS in accordance with your BOEM-issued lease for hydrokinetic facilities or an application approved by BSEE under 30 CFR part 285, subpart I.\n(c) If you fail to comply with your BOEM-issued lease for hydrokinetic facilities or decommissioning application:\n(1) BOEM may call for the forfeiture of your financial assurance; and\n(2) You remain liable for removal or disposal costs and responsible for accidents or damages that might result from such failure.","path":["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 E—Lease and Grant Administration"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-30.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:24Z","sha256":"2e2425f725d197ec5ea692df7a03d958aaf52d071db4a92854a405307d0d7e94","source_id":"us-cfr","stale":true,"prev":"us/30-cfr-585.432","next":"us/30-cfr-585.434"},"notice":"GroundRules: Original legal text. Not legal advice."}