GroundRules
43 CFR 3509.48: What will BLM do after it receives my application for a fractional interest lease?
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 3500—LEASING OF SOLID MINERALS OTHER THAN COAL AND OIL SHALE
- Subpart 3509—Fractional and Future Interest Lease Applications
(a) After BLM receives your application for a fractional interest lease, we will notify all other interest owners that they have 90 days to file applications for the same mineral interest.
(b) If any other interest owners timely apply, we will hold a competitive lease sale among the qualified applicants. BLM will establish standards for the competitive sale similar to those under subpart 3508 of this part, and provide notice to all of the applicants.
(c) If no other qualified owners timely apply, BLM may issue a fractional interest lease to you. BLM will establish the amount of the bonus bid you must pay through appraisal.
Collected 2026-08-27T02:26:15Z. Source file · JSON