43 C.F.R. § 30.414 — What will be contained in the Order to Submit Bids?
§ 30.414 What will be contained in the Order to Submit Bids? For each property for which a request to purchase at probate is pending, the Order to Submit Bids will include: (a) A finding of the fair market value of the interest to be sold, determined in accord with the appraisal/valuation provided by the BIA under § 30.411; (b) Information concerning where a copy of the appraisal/valuation may be viewed; (c) Direction to potential bidders to submit bids to purchase the property that are equal to or greater than the fair market value; (d) A deadline by which OHA must receive bids from all potential bidders; and (e) A statement that if no bids are submitted by the deadline, the request to purchase will be denied.