---

43 C.F.R. § 3205.16   How will I know whether my bid is accepted?

Title 43 - Public Lands: Interior

Title 43: Public Lands: Interior
PART 3200—GEOTHERMAL RESOURCE LEASING
Subpart 3205—Competitive Leasing

Browse Previous

§ 3205.16   How will I know whether my bid is accepted?

(a) If BLM accepts your bid, we will send you a notice informing you of our decision within 30 days after the sale. We will also include 3 copies of the lease. When you receive the notice and lease forms, you have 15 days in which to send BLM:

(1) Signed lease forms;

(2) The remaining four-fifths of the bonus bid;

(3) The first year's advance rent;

(4) The processing fee for competitive lease applications found in the fee schedule in §3000.12 of this chapter; and

(5) Signed stipulations, if applicable.

(b) If you do not meet the requirements of this section after we have accepted your bid, BLM will then revoke acceptance of your bid and keep one-fifth of your bonus bid.

(c) If BLM rejects your bid, we will send you a notice informing you of our decision. At that time, we will return the one-fifth of the bonus bid that you sent with your bid offer.

[63 FR 52364, Sept. 30, 1998, as amended at 58875, Oct. 7, 2005]

Browse Previous