---
kind: "section"
citation: "30 C.F.R. § 585.223"
title: "30"
number: "585.223"
heading: "What supplemental information will BOEM provide in a PSN and FSN?"
url: "https://uscodex.org/cfr/30/585.223"
---

# §585.223. What supplemental information will BOEM provide in a PSN and FSN?

- (a) In addition to the information described in §§ [585.213](/cfr/30/585.213.md) and [585.214](/cfr/30/585.214.md), BOEM may provide the following auction information, as appropriate, in the PSN and FSN:
  - (1) **Bidding instructions, procedures, and systems, including the bid variables.** How the auction will be conducted and what systems and procedures will be utilized.
  - (2) **Bid deposit.** The amount a bidder must pay under [§ 585.501(a)](/cfr/30/585.501.md?p=a) to be eligible to bid. The FSN will prescribe the process and deadline for submitting a bid deposit.
  - (3) **Mock auction.** Notice of a practice auction before the actual auction. Only bidders eligible for the actual auction will be permitted to participate in the mock (i.e., practice) auction.
  - (4) **Auction date, starting time and location.** The starting time will include the relevant time zone, and the location will indicate where the auction will take place.
  - (5) **Minimum bid.** The price at which the bidding will start.
  - (6) **Information BOEM will release to bidders between rounds.** This information may include prior round results and other updates.
  - (7) **Tie-breaking provision.** This provision describes the method that BOEM will use to break a tie between two or more identical high bids offered for the same lease area, or package of lease areas.
  - (8) **Next highest bidder.** The method that BOEM will use to determine the next highest bidder of a completed auction in the event the provisional winner fails to meet its obligations or is unable to acquire a lease for any reason, or if a competitively issued lease or any portion thereof is relinquished or cancelled within six months of the auction.
- (b) **The list in paragraph (a) of this section is not exhaustive.** BOEM may include in the FSN any other information relevant to that auction.

## Notes

### 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.