[Code of Federal Regulations]

[Title 43, Volume 2]

[Revised as of October 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 43CFR2566.2]



[Page 151-152]

 

                    TITLE 43--PUBLIC LANDS: INTERIOR

 

    CHAPTER II--BUREAU OF LAND MANAGEMENT, DEPARTMENT OF THE INTERIOR

 

PART 2560_ALASKA OCCUPANCY AND USE--Table of Contents

 

                 Subpart 2566_Alaska Railroad Townsites

 

Sec.  2566.2  Public sale.



    (a) Generally. The unreserved and unsold lots will be offered at 

public sale to the highest bidder at such time and place, and after such 

publication of notice, if any, as the Secretary of the Interior may 

direct.

    (b) Superintendent's authority. Under the supervision of the 

Secretary of the Interior the superintendent of the sale will be, and he 

is hereby, authorized to make all appraisements of lots and at any time 

to reappraise any lot which in his judgment is not appraised at the 

proper amount, or to fix a minimum price for any lot below which it may 

not be sold, and he may adjourn, or



[[Page 152]]



postpone the sale of any lots to such time and place as he may deem 

proper.

    (c) Manner and terms of public sale. (1) The Secretary of the 

Interior shall by regulations prescribe the manner of conducting the 

public sale, the terms thereof and forms therefor and he may prescribe 

what failures in payment will subject the bidder or purchaser to a 

forfeiture of his bid or right to the lot claimed and money paid 

thereon. The superintendent of sale will at the completion of the public 

sale deposit with the receiver of the proper local land office the money 

received and file with its officers the papers deposited with him by 

said bidder, together with his certificate as to successful bidder.

    (2) If it be deemed advisable, the Director, Bureau of Land 

Management may direct the receiver of public moneys of the proper 

district to attend sales herein provided for in which event the cash 

payment required shall be paid to the said receiver.