{"data":{"id":"us/43-cfr-3203.15","jurisdiction":"us","citation":"43 CFR 3203.15","heading":"How does BLM conduct a competitive lease sale?","body":"(a) BLM will offer parcels for competitive bidding as specified in the sale notice.\n(b) The winning bid will be the highest bid by a qualified bidder.\n(c) You may not withdraw a bid. Your bid constitutes a legally binding commitment by you.\n(d) BLM will reject all bids and re-offer a parcel if:\n(1) BLM determines that the high bidder is not qualified; or\n(2) The high bidder fails to make all payments required under § 3203.17.","path":["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"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-43.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:26:15Z","sha256":"c0939623b89478fbd742d968fabdb2f448a6413648ca1149bb0d578accc8441e","source_id":"us-cfr","stale":true,"prev":"us/43-cfr-3203.14","next":"us/43-cfr-3203.17"},"notice":"GroundRules: Original legal text. Not legal advice."}