This part 560 implements the Outer Continental Shelf Lands Act (OCSLA), 43 U.S.C. 1331 et seq., as amended, by providing regulations to foster competition including, but not limited to:
(a) Implementing alternative bidding systems;
(b) Prohibiting joint bidding for development rights by certain types of joint ventures; and
(c) Establishing diligence requirements for Federal OCS leases.