§101918 Transfer or Conveyance of Concession Contracts or Leasehold Surrender Interests

Summary

Concessioners must get written permission from the Secretary before selling, transferring, assigning, pledging, or otherwise giving away a concession contract or a leasehold surrender interest. The Secretary has to approve the transfer unless the buyer can’t meet the contract, the transfer would hurt protection of the unit’s resources or the ability to provide needed visitor facilities and services at fair rates, or the deal would likely cut the concessioner’s reasonable profit, lower quality, or force higher prices. The Secretary may not change or reopen the contract just because of a transfer, unless the transfer would harm resources or visitor services as described above.