[Code of Federal Regulations]
[Title 36, Volume 1]
[Revised as of July 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 36CFR18.7]

[Page 232]
 
              TITLE 36--PARKS, FORESTS, AND PUBLIC PROPERTY
 
      CHAPTER I--NATIONAL PARK SERVICE, DEPARTMENT OF THE INTERIOR
 
PART 18--LEASES AND EXCHANGES OF HISTORIC PROPERTY--Table of Contents
 
Sec. 18.7  Action at close of bidding.

    When a property is advertised for sealed bids, the bidder who is 
declared by the authorized officer to be the high bidder shall be bound 
by his bid and the regulations in this part to execute the lease, in 
accordance therewith, unless the bid is rejected. The Director reserves 
the right to reject any and all bids in his discretion when in the best 
interest of the Government.