43 CFR 3120.51 - Competitive auction.

Regulations last checked for updates: May 05, 2025

Title 43 - Public Lands: Interior last revised: Apr 16, 2025

View all text of Part 3120 [§ 3120.11 - § 3120.73]

§ 3120.51 - Competitive auction.

(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.

authority: 16 U.S.C. 3101

source: 89 FR 30985, Apr. 23, 2024, unless otherwise noted.

cite as: 43 CFR 3120.51