R652-20-1900. Bid Withdrawal Under Simultaneous Filing

Applicants desiring to withdraw a bid which has been filed under the simultaneous filing procedure, must make a written request. If the request is received before sealed bids have been opened, all money tendered by the applicant, except the filing fee, shall be returned. If the request is received after sealed bids have been opened, and if the applicant's bid is high, then unless the applicant accepts the offered lease, all money tendered is forfeited to the state.