[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: 43CFR3120.1-2]



[Page 379]

 

                    TITLE 43--PUBLIC LANDS: INTERIOR

 

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

 

PART 3120_COMPETITIVE LEASES--Table of Contents

 

                     Subpart 3120_Competitive Leases

 

Sec.  3120.1-2  Requirements.



    (a) Each proper BLM Sate office shall hold sales at least quarterly 

if lands are available for competitive leasing.

    (b) Lease sales shall be conducted by a competitive oral bidding 

process.

    (c) The national minimum acceptable bid shall be $2 per acre or 

fraction thereof payable on the gross acreage, and shall not be prorated 

for any lands in which the United States owns a fractional interest.