§ 51.37. How will the Director determine that a new concession contract is a qualified concession contract?
132 words·~1 min read·
/us/cfr/t36/s§ 51.37·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A new concession contract is a qualified concession contract if the Director determines that:
(a)The new concession contract provides for the continuation of the visitor services authorized under a previous concession contract. The visitor services to be continued under the new contract may be expanded or diminished in scope but, for purposes of a qualified concession contract, may not materially differ in nature and type from those authorized under the previous concession contract; and either
(b)The new concession contract that is to replace the previous concession contract is estimated to result in, as determined by the Director, annual gross receipts of less than \$500,000 in the first 12 months of its term; or
(c)The new concession contract is an outfitter and guide concession contract as described in this part.