Code of Federal Regulations · Section
§ 3132.2 — Submission Of Bids
43 C.F.R. § 3132.2
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(a) A separate sealed bid shall be submitted for each tract in the manner prescribed. A bid shall not be submitted for less than an entire tract.
(b) Each bidder shall submit with the bid a certified or cashier's check, bank draft, U.S. currency or any other form of payment approved by the Secretary for one-fifth of the amount of the cash bonus, unless stated otherwise in the notice of sale.
(c) Each bid shall be accompanied by statements of qualifications prepared in accordance with § 3132.4 of this title.
(d) Bidders are bound by the provisions of 18 U.S.C. 1860 prohibiting unlawful combination or intimidation of bidders.
Authorizing Statute
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Bids at land sales18 U.S.C. § 1860
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Enforcement authority43 U.S.C. § 1733
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Transferred42 U.S.C. § 6508