Code of Federal Regulations · Section

§ 3120.51 — Competitive Auction

43 C.F.R. § 3120.51

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(a) Parcels will be offered by competitive auction.

(b) A winning bid will be the highest bid by a responsible and qualified bidder, equal to or exceeding the national minimum acceptable bid. The decision of the auctioneer will be final.

43 C.F.R. § 3120.42 43 C.F.R. § 3120.52

Authorizing Statute

Congressional statement of purpose
16 U.S.C. § 3101
Congressional declaration of policy
43 U.S.C. § 1701
Lands subject to disposition; persons entitled to benefits; reciprocal privileges; helium rights reserved
30 U.S.C. § 181