§ 585.520 — What Financial Assurance Must I Provide When I Obtain My Limited Lease, Row Grant, Or Rue Grant?

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.