Louisiana Administrative Code
Title 43 - NATURAL RESOURCES
Part I - Office of the Secretary
Subpart 1 - General
Chapter 11 - Leasing State Owned Lands and Water Bottoms for the Exploration, Development and Production of an Alternative Energy Source
Section I-1104 - Cash Bonus and Fees for Alternative Energy Source Leases

Universal Citation: LA Admin Code I-1104

Current through Register Vol. 50, No. 9, September 20, 2024

A. The state shall collect a cash bonus for all AESLs. In addition to the cash bonus, the board, through the Office of Mineral Resources (OMR), shall collect an administrative fee for such leasing in the amount of 10 percent of the total cash bonus paid. Such payments shall be due within 24 hours of award of the state Alternative Energy Lease.

B. The state may collect additional payments for an Alternative Energy Source Lease if authorized by statute.

AUTHORITY NOTE: Promulgated in accordance with R.S. 30:124.

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