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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 30 - Mineral Resources |
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Chapter II - Bureau of Safety and Environmental Enforcement, Department of the Interior |
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SubChapter B - Offshore |
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Part 285 - [Reserved] |
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Subpart C - Rights-of-Way Grants and Rights-of-Use and Easement Grants for Renewable Energy Activities |
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Financial Requirements for ROW Grants and RUE Grants |
§ 285.315 - What deposits are required for a competitive ROW grant or RUE grant?
Latest version.
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(a) You must make a deposit, as required in § 285.501(a), regardless of whether the auction is a sealed-bid, oral, electronic, or other auction format. The MMS will specify in the sale notice the official to whom you must submit the payment, the time by which the official must receive the payment, and the forms of acceptable payment.
(b) If your high bid is rejected, we will provide a written statement of reasons.
(c) For all rejected bids, we will refund, without interest, any money deposited with your bid.