Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 30 - Mineral Resources |
Chapter II - Bureau of Safety and Environmental Enforcement, Department of the Interior |
SubChapter B - Offshore |
Part 285 - [Reserved] |
Subpart B - Issuance of OCS Renewable Energy Leases |
Competitive Lease Award Process |
§ 285.220 - What auction format may MMS use in a lease sale?
Latest version.
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(a) Except as provided in § 285.231, we will hold competitive auctions to award renewable energy leases and will use one of the following auction formats, as determined through the lease sale process and specified in the Proposed Sale Notice and in the Final Sale Notice:
ER29AP09.106 (b) You must submit your bid and a deposit as specified in §§ 285.500 and 285.501 to cover the bid for each lease area, according to the terms specified in the Final Sale Notice.