The bid process for school land hard rock mining and other
mineral lease sales shall be as follows:
Separate tracts. A separate
bid showing the tract number and legal description must be filed on each tract.
Each tract will be leased separately to the highest responsible
Bids must be written and enclosed in one sealed envelope and
placed in another envelope bearing notation on the outside front face of the
envelope "Bids for Hard Rock Mining or Other Mineral Leases" and the date of
sale. Such bids must be delivered to the office of the Commissioners of the
Land Office, and if sent by mail shall be addressed to the official business
residence of the Commissioners of the Land Office, as posted on the Land
Office's official website [See
]. (No bid shall be considered that is not delivered prior to date and time of
sale, as set forth in the Notice of Sale.)
Bid opening. Bids will be
received as provided in the Notice of Sale and are subject to the right of the
Commissioners of the Land Office to reject any and all bids. (All bidders are
invited to attend opening of bids which is held in the office of the
Commissioners of the Land Office.)
Bid deposit. Each bid must
be accompanied by a remittance of earnest money as required in the notice of
sale, payable to the Commissioners of the Land Office. Upon acceptance of any
bid and the awarding of the lease to the bidder, the successful bidder shall be
liable for the full amount of the bid.
Forms. Bid forms will be
furnished on request.
Assignment. Hard rock mining and other mineral lease bids may not
acres. Each hard rock mining and other mineral lease will be limited to
a maximum of 160 acres.