GroundRules
43 CFR 3203.15: How does BLM conduct a competitive lease sale?
Where this section sits in the code
- Title 43—Public Lands: Interior
- Subtitle B—Regulations Relating to Public Lands
- CHAPTER II—BUREAU OF LAND MANAGEMENT, DEPARTMENT OF THE INTERIOR
- SUBCHAPTER C—MINERALS MANAGEMENT (3000)
- PART 3200—GEOTHERMAL RESOURCE LEASING
- Subpart 3203—Competitive Leasing
(a) BLM will offer parcels for competitive bidding as specified in the sale notice.
(b) The winning bid will be the highest bid by a qualified bidder.
(c) You may not withdraw a bid. Your bid constitutes a legally binding commitment by you.
(d) BLM will reject all bids and re-offer a parcel if:
(1) BLM determines that the high bidder is not qualified; or
(2) The high bidder fails to make all payments required under § 3203.17.
Collected 2026-08-27T02:26:15Z. Source file · JSON