Summary


This proposed new rule establishes procedures the Department may use to: 1) publish notices of proposed sales and exchanges and then advertise to encourage maximum participation in the auctions and maximum transparency for the negotiated sales and exchanges; 2) conduct public sales auctions; 3) conduct negotiated sales; 4) conduct negotiated exchanges; 5) notify holders of first rights of refusal about the sales and provide them opportunities to exercise or waive their right; and 6) conduct closings.