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The BLM is charged with leasing federal mineral resources. BLM is proposing to hold a sodium lease sale of seven tracts incorporating a total of 9,893.91 acres as shown on Map 1. Federal sodium leases are issued based upon a system of closed competitive bids. The highest bidder may receive the lease provided the bid meets or exceeds fair market value. Leases have a 20-year primary term with discretionary 10-year renewal periods thereafter. A federal sodium lease is not automatically renewed but may be renewed upon the lessee's timely request for renewal. All leases adjudicated for renewal are reviewed and the lease terms, conditions, and special stipulations may be changed or modified to conform with current policy and regulations.


SuDocs call # I 1.98:SO 2/2/RECORD