43 CFR 3203.15
§ 3203.15 How does BLM conduct a competitive lease sale?
United States · 43 CFR — Public Lands: Interior · Status: effective
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- Citation
- 43 CFR 3203.15, § 3203.15 How does BLM conduct a competitive lease sale?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/212476
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Full text
(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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.