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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 43 - Public Lands: Interior |
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Subtitle B - Regulations Relating to Public Lands |
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Chapter II - Bureau of Land Management, Department of the Interior |
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SubChapter C - Minerals Management (3000) |
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Part 3140 - Leasing in Special Tar Sand Areas |
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Subpart 3141 - Leasing in Special Tar Sand Areas |
§ 3141.6-7 - Consideration of next highest bid.
Latest version.
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§ 3141.6-7 Consideration of next highest bid.
The Department reserves the right to accept the next highest bid if the highest bid is rejected. In no event shall an offer be made to the next highest bidder if the difference beween his/her bid and that of the rejected successful bidder is greater than the one-fifth bonus forfeited by the rejected successful bidder.
[55 FR 12351, Apr. 3, 1990]