43 C.F.R. § 3205.13 What is the minimum acceptable bid?
Title 43 - Public Lands: Interior
BLM will not accept bids which do not meet or exceed the fair market value, which BLM determines using generally acceptable appraisal methods. BLM determines the fair market value prior to the sale, but does not disclose it to the public.
Title 43: Public Lands: Interior
PART 3200—GEOTHERMAL RESOURCE LEASING
Subpart 3205—Competitive Leasing
§ 3205.13 What is the minimum acceptable bid?
