54 USC 101914 – Term of concession contracts
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A concession contract entered into pursuant to this subchapter shall generally be awarded for a term of 10 years or less. The Secretary may award a contract for a term of up to 20 years if the Secretary determines that the contract terms and conditions, including the required construction of capital improvements, warrant a longer term.
Terms Used In 54 USC 101914
- Contract: A legal written agreement that becomes binding when signed.