43 U.S.C. § 3003 — Increasing economic certainty

FEDERAL · 43 U.S.C. · Chapter 48

Increasing economic certainty

43 U.S.C. § 3003

Chapter48 — RENEWABLE ENERGY PRODUCTION ON FEDERAL LAND

This text of 43 U.S.C. § 3003 (Increasing economic certainty) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

43 U.S.C. § 3003.

Text

(a)Considerations The Secretary may consider acreage rental rates, capacity fees, and other recurring annual fees in total when evaluating existing rates paid for the use of Federal land by eligible projects.

(b)Reductions in base rental rates The Secretary may reduce acreage rental rates and capacity fees, or both, for existing and new wind and solar authorizations if the Secretary determines—

(1)that the existing rates—

(A)exceed fair market value;

(B)impose economic hardships;

(C)limit commercial interest in a competitive lease sale or right-of-way grant; or

(D)are not competitively priced compared to other available land; or

(2)that a reduced rental rate or capacity fee is necessary to promote the greatest use of wind and solar energy resources.

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(a) Considerations
The Secretary may consider acreage rental rates, capacity fees, and other recurring annual fees in total when evaluating existing rates paid for the use of Federal land by eligible projects.
(b) Reductions in base rental rates
The Secretary may reduce acreage rental rates and capacity fees, or both, for existing and new wind and solar authorizations if the Secretary determines—
(1) that the existing rates—
(A) exceed fair market value;
(B) impose economic hardships;
(C) limit commercial interest in a competitive lease sale or right-of-way grant; or
(D) are not competitively priced compared to other available land; or
(2) that a reduced rental rate or capacity fee is necessary to promote the greatest use of wind and solar energy resources.

Source Credit

History

(Pub. L. 116–260, div. Z, title III, §3103, Dec. 27, 2020, 134 Stat. 2516.)

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Bluebook (online)

43 U.S.C. § 3003, Counsel Stack Legal Research, https://law.counselstack.com/usc/43/3003.