Section 585.220 - [Effective 7/15/2024] How will BOEM award leases competitively?(a) BOEM will award leases competitively using an objective, fair, reasonable, and competitive auction process that provides a fair return to the United States. As described in the FSN, leases will be awarded to the highest bidder.(b) BOEM may use any analog or digital method to conduct the auction. The specific process and procedural details for each auction will be noticed in the PSN and finalized in the FSN.88 FR 6430, 1/31/2023; 89 FR 42729, 7/15/2024