Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 43 - Public Lands: Interior |
Subtitle B - Regulations Relating to Public Lands |
Chapter II - Bureau of Land Management, Department of the Interior |
SubChapter C - Minerals Management (3000) |
Part 3200 - Geothermal Resource Leasing |
Subpart 3212 - Lease Suspensions, Cessation of Production, Royalty Rate Reductions, and Energy Policy Act Royalty Rate Conversions |
§ 3212.24 - How will the production incentive apply to a new facility?
Latest version.
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§ 3212.24 How will the production incentive apply to a new facility?
(a) If BLM determines that your project qualifies as a new facility, the production incentive will begin on the first day of the month following the commencement of commercial operations at that facility, and will be in effect for 48 consecutive months. The incentive applies to the entire commercial generation of electricity from the new facility.
(b) The amount of the production incentive is established in MMS regulations at 30 CFR 218.307.