Code of Federal Regulations · Section
§ 3923.10 — Minimum Bid
43 C.F.R. § 3923.10
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The BLM will not accept any bid that is less than the FMV as determined under § 3924.10(d). In no case may the minimum bid be less than $1,000 per acre.
Authorizing Statute
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Leases of lands30 U.S.C. § 241
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Oil shale, tar sands, and other strategic unconventional fuels42 U.S.C. § 15927
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Management of use, occupancy, and development of public lands43 U.S.C. § 1732