30 CFR § 585.433 - What must I do after my lease or grant terminates?

---
identifier: "/us/cfr/t30/s585.433"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "30 CFR § 585.433 - What must I do after my lease or grant terminates?"
title_number: 30
title_name: "Mineral Resources"
section_number: "585.433"
section_name: "What must I do after my lease or grant terminates?"
chapter_name: "BUREAU OF OCEAN ENERGY MANAGEMENT, DEPARTMENT OF THE INTERIOR"
subchapter_number: "B"
subchapter_name: "OFFSHORE"
part_number: "585"
part_name: "RENEWABLE ENERGY ON THE OUTER CONTINENTAL SHELF"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "43 U.S.C. 1337."
regulatory_source: "88 FR 6430, Jan. 31, 2023, unless otherwise noted."
cfr_part: "585"
---


# 585.433 What must I do after my lease or grant terminates?

(a) After your lease or grant terminates, you must:

(1) Make all payments due, including any accrued rentals and deferred bonuses; and

(2) Perform any other outstanding obligations under the lease or grant within 6 months.

(b) Within 2 years following termination of a lease or grant, you must remove or dispose of all facilities, installations, and other devices permanently or temporarily attached to the seabed on the OCS in accordance with your BOEM-issued lease for hydrokinetic facilities or an application approved by BSEE under 30 CFR part 285, subpart I.

(c) If you fail to comply with your BOEM-issued lease for hydrokinetic facilities or decommissioning application:

(1) BOEM may call for the forfeiture of your financial assurance; and

(2) You remain liable for removal or disposal costs and responsible for accidents or damages that might result from such failure.