Regulations last checked for updates: Oct 20, 2024

Title 43 - Public Lands: Interior last revised: Sep 06, 2024
§ 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.

authority: 16 U.S.C. 3101
source: 89 FR 30985, Apr. 23, 2024, unless otherwise noted.
cite as: 43 CFR 3120.51