OAR 141-071-0545: Competitive Bidding

Edition: Current OARD snapshotEffective: 1977-08-16Last verified: 2026-09-07

Upon a determination that mineral rights lying near a discovery site are not leased or subject to application under OAR 141-071-0535 or 141-071-0485, the Division may offer one or more parcels not exceeding 640 acres each for competitive bidding, by sealed bids or at oral public auction, to the bidder offering the highest bonus in addition to the minimum annual rental.

Official history and status

Statutory/Other Authority: ORS 273

Statutes/Other Implemented: ORS 273.780 - 273.790

History: LB 44, f. & ef. 8-16-77

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Official source: https://secure.sos.state.or.us/oard/