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§585.903 — What are the requirements for decommissioning FERC-licensed hydrokinetic facilities?

You must comply with the decommissioning requirements in your BOEM-issued lease. If you fail to comply with the decommissioning requirements of your lease then:

 
(a)
BOEM may call for the forfeiture of your bond or other financial assurance;
 
(b)
You remain liable for removal or disposal costs and responsible for accidents or damages that might result from such failure; and
 
(c)
BOEM may take enforcement action under §585.400 of this part.

   Reason: