§585.220. How will BOEM award leases competitively?
30 C.F.R. § 585.220
BOEM will award leases competitively using an objective, fair, reasonable, and competitive auction process that provides a fair return to the United States. As described in the FSN, leases will be awarded to the highest bidder.
BOEM may use any analog or digital method to conduct the auction. The specific process and procedural details for each auction will be noticed in the PSN and finalized in the FSN.
Notes, amendments, and revision history
Source
Source: 89 FR 42729, May 15, 2024, unless otherwise noted.
Authority
Authority: 43 U.S.C. 1337.
Source
Source: 88 FR 6430, Jan. 31, 2023, unless otherwise noted.