On or before the announced date of the public auction, each prospective bidder shall deposit with the board a certified or cashier's check payable to the State in the amount of $500 and submit a statement that the person is eligible to hold a mining lease as prescribed in § 13-183-21. The deposit shall be forfeited by prospective bidders who fail to bid or returned to the unsuccessful bidders.
Haw. Code R. § 13-183-46