[Code of Federal Regulations]
[Title 36, Volume 1]
[Revised as of July 1, 2006]
From the U.S. Government Printing Office via GPO Access
[CITE: 36CFR17.5]

[Page 244-245]
 
              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

[[Page 245]]

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]