Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 30 - Mineral Resources |
Chapter II - Bureau of Safety and Environmental Enforcement, Department of the Interior |
SubChapter B - Offshore |
Part 585 - Renewable Energy and Alternate Uses of Existing Facilities on the Outer Continental Shelf |
Subpart F - Payments and Financial Assurance Requirements |
Payments |
§ 585.501 - What deposits must I submit for a competitively issued lease, ROW grant, or RUE grant?
Latest version.
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§ 585.501 What deposits must I submit for a competitively issued lease, ROW grant, or RUE grant?
(a) For a competitively issued lease or grant, BOEM may require a bid deposit before the auction as established in the FSN.
(b) The provisional winner of a lease must pay the balance of its accepted bid in accordance with § 585.225.