43 C.F.R. Subpart 3205—Competitive Leasing
Title 43 - Public Lands: Interior
(a) We lease some Federal lands through competitive sales using sealed bids. Those lands which we lease competitively include lands from terminated, expired, or relinquished leases, and lands within a KGRA (see 43 CFR 3203.11). BLM may also use a competitive lease sale if there is public interest. (b) BLM lists these parcels, with any stipulations, in a sale notice. This sale notice will tell you where and when to submit your bids. We will post the sale notice in appropriate BLM offices, and may take other measures such as: (1) Publishing news releases; (2) Notifying interested parties of the lease sale; (3) Publishing the notice in newspapers; or (4) Posting the list on the Internet. See our notice posted in the BLM office conducting the sale, and otherwise publicized as described in 43 CFR 3205.10. This notice will include the terms and conditions of the lease(s), including the rental and royalty rates, and will also tell you where you may obtain a form on which to submit your bid. (a) Submit your bid during the time period and to the BLM office specified in the sale notice; (b) Submit your bid on Form 3000–2 (or exact copy on one two-sided page); (c) Submit your bid in a separate, sealed envelope for each full parcel; (d) Include in each bid a certified or cashier's check, bank draft, or money order equal to one-fifth of the bid amount, payable to the “Department of the Interior, Bureau of Land Management;” (e) Label each envelope with the parcel number and the statement “Not to be opened before (date posted in the sale notice);” and (f) Be aware that unlawful combination or intimidation of bidders is prohibited by 18 U.S.C. 1860. 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. We will open, announce and record bids on the date, and at the place and time set out in the sale notice. We will not accept or reject any bid at that time. You do not need to attend the sale in order to bid. We will issue the lease to the highest bidder who qualifies for a lease. All other bids are rejected. If we determine that the highest bid is too low, we will also reject that bid. BLM reserves the right to reject any and all bids. (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]
Title 43: Public Lands: Interior
PART 3200—GEOTHERMAL RESOURCE LEASING
Subpart 3205—Competitive Leasing
§ 3205.10 How does BLM lease lands competitively?
§ 3205.11 How do I get information about competitive lease terms and conditions?
§ 3205.12 How do I bid for a parcel?
§ 3205.13 What is the minimum acceptable bid?
§ 3205.14 How does BLM conduct the sale?
§ 3205.15 To whom does BLM issue the lease?
§ 3205.16 How will I know whether my bid is accepted?
