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 3140 - LEASING IN SPECIAL TAR SAND AREAS
  7. Subpart 3141 - Leasing in Special Tar Sand Areas
  8. 43 CFR § 3141.6-6
43 CFR § 3141.6-6
Rejection of bid
June 11, 2020
CFR

If the high bid is rejected for failure by the successful bidder to execute the lease forms and pay the balance of the bonus bid, or otherwise to comply with the regulations of this subpart, the one-fifth bonus accompanying the bid shall be forfeited.

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§ 3141.6-5 Fair market value for combined hydrocarbon leases
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§ 3141.6-7 Consideration of next highest bid

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