30 CFR 585.500 - How do I make payments under this part?

View all text of Subjgrp 326 [§ 585.500 - § 585.515]

§ 585.500 - How do I make payments under this part?

(a) For acquisition fees or the initial 12 months' rent paid for the preliminary period of your lease, you must make your electronic payments through the Fees for Services page on the BOEM website at https://www.boem.gov, and you must include one copy of the Pay.gov confirmation receipt page with your unsolicited request.

(b) For all other required rent payments and for operating fee payments, you must make your payments as required in 30 CFR 1218.51.

(c) The following table summarizes payments you must make for leases and grants, unless otherwise specified in the Final Sale Notice:

	Payment	Amount	Due date	Payment mechanism	Section reference	Initial payments for leases						(1) If your lease is issued competitively	Bid Deposit	As set in Final Sale Notice/depends on bid	With bid	Pay.gov	§ 585.501.		Bonus Balance		Within 10 business days of receiving the unsigned lease	30 CFR 1218.51	§ 585.225.	(2) If your lease is issued non-competitively	Acquisition Fee	$0.25 per acre, unless otherwise set by the Director	With application	Pay.gov	§ 585.502.	(3) All leases	Initial Rent	$3 per acre per year	Within 45 calendar days after receiving your copy of the executed lease from BOEM	Pay.gov	§ 585.503.	Subsequent payments for leases and project easements						(4) All leases	Subsequent Rent, unless otherwise provided in the terms of the lease	$3 per acre per year	Annually	30 CFR 1218.51	§§ 585.503 and 585.504.	(5) If you have a project easement	Rent, unless otherwise provided in the terms of the grant	Greater of $5 per acre per year or $450 per year	Upon COP or GAP approval, then annually	30 CFR 1218.51	§ 585.507.	(6) If your commercial lease is producing	Operating Fee	Determined by the formula in § 585.506	Annually	30 CFR 1218.51	§ 585.506.	Payments for ROW grants and RUE grants 1						(7) All ROW grants and RUE grants	Initial Rent	Greater of $5 per acre per year or $450 per year, unless otherwise established in the grant	Grant execution	Pay.gov	§ 585.508.		Subsequent Rent		Annually or in 5-year batches	30 CFR 1218.51

1 There is no acquisition fee for ROW grants or RUE grants.