§30.414. What will be contained in the Order to Submit Bids?

43 C.F.R. § 30.414

For each property for which a request to purchase at probate is pending, the Order to Submit Bids will include:

(a)

A finding of the fair market value of the interest to be sold, determined in accord with the appraisal/valuation provided by the BIA under § 30.411;

(b)

Information concerning where a copy of the appraisal/valuation may be viewed;

(c)

Direction to potential bidders to submit bids to purchase the property that are equal to or greater than the fair market value;

(d)

A deadline by which OHA must receive bids from all potential bidders; and

(e)

A statement that if no bids are submitted by the deadline, the request to purchase will be denied.

Notes, amendments, and revision history

Source: 86 FR 72090, Dec. 20, 2021, unless otherwise noted.

Authority: 5 U.S.C. 301, 503; 25 U.S.C. 9, 372-74, 410, 2201 et seq.; 43 U.S.C. 1201, 1457.

Source: 73 FR 67289, Nov. 13, 2008, unless otherwise noted.