§ 6707 Kelp Lease Royalty Payments
A company leases 2 square miles of kelp bed to harvest kelp.
They must pay $80 upfront ($40 per square mile) at the start of the year. If they harvest 10 tons of kelp, they’ll owe royalties for those 10 tons, but the $80 they already paid will be subtracted from that bill. If they don’t pay the $80 on time, they could lose their lease.
AI-generated — May contain errors. Not legal advice. Always verify source.
§ 6707 Kelp Lease Royalty Payments
Last verified: January 23, 2026