---
kind: "section"
citation: "43 C.F.R. § 3602.44"
title: "43"
number: "3602.44"
heading: "How do I make a bid deposit?"
url: "https://uscodex.org/cfr/43/3602.44"
---

# §3602.44. How do I make a bid deposit?

- (a) If you wish to make a bid to purchase mineral materials, you must submit a deposit in advance of the sale.
  - (1) Your sealed bids must contain a deposit.
  - (2) At an oral auction, you must make your deposit before the opening of the bidding.
- (b) Your deposit must be the greater of $500 or 5 percent of the appraised value as we specify in the sale notice.
- (c) Your deposit may be in the form of cash, a money order, a bank draft, or a cashier's or certified check made payable to the Bureau of Land Management.
- (d) If you are not the successful bidder, BLM will return your bid deposit when the bidding concludes.
- (e) If you are the successful bidder, BLM will apply your deposit to the purchase price.
- (f) BLM will charge the successful bidder a processing fee on a case-by-case basis as described in [§ 3000.11](/cfr/43/3000.11.md) of this chapter and [§ 3602.43](/cfr/43/3602.43.md).

## Notes

### Amendments

[66 FR 58901, Nov. 23, 2001, as amended at 70 FR 58878, Oct. 7, 2005]

### Authority

Authority: 30 U.S.C. 601 et seq.; 43 U.S.C. 1201, 1701 et seq.; Sec. 2, Act of September 28, 1962 (Pub. L. 87-713, 76 Stat. 652).

### Source

Source: 66 FR 58901, Nov. 23, 2001, unless otherwise noted.

### Amendments

[66 FR 58901, Nov. 23, 2001, as amended at 70 FR 58878, Oct. 7, 2005]