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§3422.2. Notice of sale and detailed statement. — Inbound Citations

43 C.F.R. § 3422.2

Cited by 1 regulation in release Current.

Citations to §3422.2(b)(9)

  • (f) The applicant who nominates a tract for a competitive lease sale must pay a processing fee on a case-by-case basis as described in § 3000.11 of this chapter as modified by the provisions below. BLM will include in the sale notice under § 3422.2(b)(9) of this chapter a statement of the total cost recovery fee paid to BLM by the applicant up to 30 days before the competitive lease sale. The cost recovery process for a competitive coal lease follows:
    (1) The applicant nominating the tract for competitive leasing must pay the cost recovery amount before BLM will publish a notice of the competitive lease sale;
    (i) The successful bidder, if someone other than the applicant, must pay to BLM the cost recovery amount specified in the sale notice; and
    (ii) The successful bidder must pay all processing costs BLM incurs after the date of the sale notice;
    (3) If the successful bidder is someone other than the applicant, BLM will refund to the applicant the amount paid under paragraph (f)(1) of this section; and
    (4) If there is no successful bidder, the applicant remains responsible for all processing fees.