§3141.66. Consideration of next highest bid.
43 C.F.R. § 3141.66
The Department reserves the right to accept the next highest bid if the highest bid is rejected. In no event will an offer be made to the next highest bidder if the difference between that bid and the bid of the rejected successful bidder is greater than the minimum bonus payment forfeited by the rejected successful bidder.
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.