StacksVerified U.S. regulatory reference

30 CFR §585.505

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
  1. (a)The rent for a limited lease is $3 per acre per year, unless otherwise established in the Final Sale Notice and/or your lease instrument.
  2. (b)You must pay ONRR the initial 12 months' rent 45 days after you receive the lease copies from BOEM in accordance with the requirements provided in § 585.500(c)(3).
  3. (c)You must pay ONRR as provided in 30 CFR 1218.51 the rent due at the beginning of each subsequent 1-year period on the entire lease area for the duration of your operations period.
  4. (d)BOEM will not charge an operating fee for the authorized sale of power from a limited lease.