30 CFR §585.223
Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
- (a)In addition to the information described in §§ 585.213 and 585.214, BOEM may provide the following auction information, as appropriate, in the PSN and FSN:
- (1)Bidding instructions, procedures, and systems, including the bid variables. How the auction will be conducted and what systems and procedures will be utilized.
- (2)Bid deposit. The amount a bidder must pay under § 585.501(a) to be eligible to bid. The FSN will prescribe the process and deadline for submitting a bid deposit.
- (3)Mock auction. Notice of a practice auction before the actual auction. Only bidders eligible for the actual auction will be permitted to participate in the mock (i.e., practice) auction.
- (4)Auction date, starting time and location. The starting time will include the relevant time zone, and the location will indicate where the auction will take place.
- (5)Minimum bid. The price at which the bidding will start.
- (6)Information BOEM will release to bidders between rounds. This information may include prior round results and other updates.
- (7)Tie-breaking provision. This provision describes the method that BOEM will use to break a tie between two or more identical high bids offered for the same lease area, or package of lease areas.
- (8)Next highest bidder. The method that BOEM will use to determine the next highest bidder of a completed auction in the event the provisional winner fails to meet its obligations or is unable to acquire a lease for any reason, or if a competitively issued lease or any portion thereof is relinquished or cancelled within six months of the auction.
- (b)The list in paragraph (a) of this section is not exhaustive. BOEM may include in the FSN any other information relevant to that auction.