[Code of Federal Regulations]
[Title 36, Volume 1]
[Revised as of July 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 36CFR17.5]

[Page 229]
 
              TITLE 36--PARKS, FORESTS, AND PUBLIC PROPERTY
 
      CHAPTER I--NATIONAL PARK SERVICE, DEPARTMENT OF THE INTERIOR
 
PART 17--CONVEYANCE OF FREEHOLD AND LEASEHOLD INTERESTS ON LANDS OF THE 
NATIONAL PARK SYSTEM--Table of Contents
 
Sec. 17.5  Bids.

    Bids may be made by the principal or his agent, either personally or 
by mail. Bids will be considered only if received at the place and prior 
to the hour fixed in the notice. No particular form is specified for 
bids. However, a bid must be in writing, clearly identify the bidder, be 
signed by the bidder or his designated agent, state the amount of the 
bid, and refer to the notice. Bids conditioned in ways not provided for 
by the notice will not be considered. Bids must be accompanied by 
certified checks, post office money orders, bank drafts, or cashier's 
checks made payable to the United States of America for 2 percent of the 
amount of the fair market value or $2,500, whichever is greater, in the 
case of a freehold interest or for the amount of the first year's rent 
in the case of a leasehold interest. This payment will be refunded to 
unsuccessful bidders. A separate nonrefundable payment of $100 to cover 
costs of publication and of processing of bids will also be included 
with the bid. The bid and payments must be enclosed in a sealed envelope 
upon which the prospective bidder shall write: (a) Bid on interest in 
land of the National Park System, and (b) the scheduled date the bids 
are to be opened. In the event two or more valid bids are received in 
the same amount, the determination of which is the highest will be by 
drawing. Bids will be opened at the time and place specified in the 
notice. Bidders, their agents or representatives, and any other persons 
may attend the bid opening. No bid in an amount less than the fair 
market value, as herein defined, shall be considered.

[42 FR 46302, Sept. 15, 1977, as amended at 61 FR 28508, June 5, 1996]