1. LawStack
  2. Title 43 - Public Lands: Interior
  3. Subtitle B - Regulations Relating to Public Lands
  4. Chapter II - Bureau of Land Management, Department of the Interior
  5. Subchapter C - Minerals Management (3000)
  6. Part 3120 - Competitive Leases
  7. Subject Group - Competitive Auction
  8. 43 CFR § 3120.51
43 CFR § 3120.51
Competitive auction
August 12, 2025
CFR

§ 3120.51 Competitive auction.

(a) Parcels will be offered by competitive auction.

(b) A winning bid will be the highest bid by a responsible and qualified bidder, equal to or exceeding the national minimum acceptable bid. The decision of the auctioneer will be final.

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§ 3120.52 Payments required

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