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§ 3120.51 Competitive auction.

43 CFR 3120.51

Citation43 CFR 3120.51
CorpusDaily eCFR
Displayed edition2026-04-15
Last updated2026-04-15

§ 3120.51 Competitive auction.

(a) Parcels will be offered by competitive auction.

(b) A winning bid will be the highest bid by a responsible and qualified bidder, equal to or exceeding the national minimum acceptable bid. The decision of the auctioneer will be final.