Code of Federal Regulations · Section
§ 585.501 — What Deposits Must I Submit For A Competitively Issued Lease, Row Grant, Or Rue Grant?
30 C.F.R. § 585.501
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(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.
Authorizing Statute
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Leases, easements, and rights-of-way on the outer Continental Shelf43 U.S.C. § 1337