§3141.65. Rejection of bid.
43 C.F.R. § 3141.65
If the high bid is rejected for failure by the successful bidder to execute the lease forms and pay the balance of the bonus bid, or otherwise to comply with the regulations of this subpart, the minimum bonus payment accompanying the bid will be forfeited.
Notes, amendments, and revision history
Authority
Authority: 30 U.S.C. 181 et seq.; 30 U.S.C. 351-359; 43 U.S.C. 1701 et seq.; Pub. L. 97-78, 95 Stat. 1070; 42 U.S.C. 15801, unless otherwise noted.
Source
Source: 89 FR 30988, Apr. 23, 2024, unless otherwise noted.