---
kind: "section"
citation: "43 C.F.R. § 3509.48"
title: "43"
number: "3509.48"
heading: "What will BLM do after it receives my application for a fractional interest lease?"
url: "https://uscodex.org/cfr/43/3509.48"
---

# §3509.48. What will BLM do after it receives my application for a fractional interest lease?

- (a) After BLM receives your application for a fractional interest lease, we will notify all other interest owners that they have 90 days to file applications for the same mineral interest.
- (b) If any other interest owners timely apply, we will hold a competitive lease sale among the qualified applicants. BLM will establish standards for the competitive sale similar to those under [subpart 3508](/cfr/43/subpart3508.md) of this part, and provide notice to all of the applicants.
- (c) If no other qualified owners timely apply, BLM may issue a fractional interest lease to you. BLM will establish the amount of the bonus bid you must pay through appraisal.

## Notes

### Authority

Authority: 5 U.S.C. 552; 30 U.S.C. 189, 192c, and 209; 43 U.S.C. 1701 et seq.; and sec. 402, Reorganization Plan No. 3 of 1946 (5 U.S.C. appendix).

### Source

Source: 64 FR 53536, Oct. 1, 1999, unless otherwise noted.