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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 36 - Parks, Forests, and Public Property |
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Chapter I - National Park Service, Department of the Interior |
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Part 51 - Concession Contracts |
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Subpart G - Leasehold Surrender Interest |
§ 51.65 - May the concessioner gain additional leasehold surrender interest by replacing a fixture in which the concessioner has a leasehold surrender interest?
Latest version.
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§ 51.65 May the concessioner gain additional leasehold surrender interest by replacing a fixture in which the concessioner has a leasehold surrender interest?
A concessioner that replaces an existing fixture in which the concessioner has a leasehold surrender interest with a new fixture will increase its leasehold surrender interest by the amount of the construction cost of the replacement fixture less the construction cost of the replaced fixture.