C.F.R. » Title 30 » CHAPTER V—BUREAU OF OCEAN ENERGY MANAGEMENT, DEPARTMENT OF THE INTERIOR › SUBCHAPTER B—OFFSHORE › PART 585—RENEWABLE ENERGY ON THE OUTER CONTINENTAL SHELF › Subpart F—Payments and Financial Assurance Requirements

30 C.F.R. § 585.520

What financial assurance must I provide when I obtain my limited lease, ROW grant, or RUE grant?

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Before BOEM will execute your limited lease, ROW grant, or RUE grant, or approve an assignment of an interest therein, you or a proposed assignee must guarantee compliance with all terms and conditions of the lease or grant by providing a bond or other authorized financial assurance in the amount of 12 months' rent.