Code of Federal Regulations · Section

§ 3141.65 — Rejection Of Bid

43 C.F.R. § 3141.65

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If the high bid is rejected for failure by the successful bidder to execute the lease forms and pay the balance of the bonus bid, or otherwise to comply with the regulations of this subpart, the minimum bonus payment accompanying the bid will be forfeited.

43 C.F.R. § 3141.64 43 C.F.R. § 3141.66

Authorizing Statute

Definitions
42 U.S.C. § 15801
Lands subject to disposition; persons entitled to benefits; reciprocal privileges; helium rights reserved
30 U.S.C. § 181
Congressional declaration of policy
43 U.S.C. § 1701