The Bureau of Land Management (BLM) is proposing to sell and auction federally owned crude helium on August 18, 2015, at its Amarillo Field Office near Amarillo, Texas, for delivery in Fiscal Year (FY) 2016.
The proposal complies with the Helium Stewardship Act of 2013 (Act), passed by Congress in October 2013, that established an auction system for the sale of the Federal helium and mandated that all property, equipment and interest held by the United States in the Federal Helium Reserve be disposed of by September 30, 2021.
In response to the provisions of the Act, the BLM began an implementation plan in 2014 to provide for an orderly transition to a privatized system, while ensuring minimal market disruption.
The plan included a series of helium sales (auctions and conservation helium sales), measures to ensure continued access to the helium supply for Federal users, and the disposal of government assets in the system no later than September 30, 2021.
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