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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 25 - Indians |
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Chapter I - Bureau of Indian Affairs, Department of the Interior |
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SubChapter H - Land and Water |
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Part 162 - Leases and Permits |
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Subpart E - Wind and Solar Resource Leases |
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WSR Lease Monetary Compensation Requirements |
§ 162.554 - What form of monetary compensation payment is acceptable under a WSR lease?
Latest version.
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§ 162.554 What form of monetary compensation payment is acceptable under a WSR lease?
(a) When payments are made directly to Indian landowners, the form of payment must be acceptable to the Indian landowners.
(b) When payments are made to us, our preferred method of payment is electronic funds transfer payments. We will also accept:
(1) Money orders;
(2) Personal checks;
(3) Certified checks; or
(4) Cashier's checks.
(c) We will not accept cash or foreign currency.
(d) We will accept third-party checks only from financial institutions or Federal agencies.