30 C.F.R. § 585.223

Current through May 31, 2024
Section 585.223 - [Effective until 7/15/2024] What does BOEM do if there is a tie for the highest bid?
(a) Unless otherwise specified in the Final Sale Notice, except in the first stage of a two-stage bidding auction, if more than one bidder on a lease submits the same high bid amount, the winning bidder will be determined by a further round or stage of bidding as described in the Final Sale Notice.
(b) The winning bidder will be subject to final confirmation following determination of bid adequacy.

30 C.F.R. §585.223

88 FR 6430, 1/31/2023