N.M. Admin. Code § 19.2.6.12
Current through Register Vol. 35, No. 23, December 10, 2024
When two or more sealed highest and best bids received for the same tract of land are equal and if such highest and best bidders are present and cannot agree, by stipulation in writing, on how the tract shall be awarded, the commissioner or the commissioner's designee shall call such equal highest and best bidders before the commissioner on the same day the bids are opened, and again offer such tract at auction to such bidders only, and grant such lease to the highest and best bidder. If such bidders are not present when the bids are opened, then the commissioner will notify the bidders to submit sealed proposals within 10 days next following the date of the sale.
N.M. Admin. Code § 19.2.6.12