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

Summary

A concessioner must give written notice and get the Secretary’s approval before transferring, selling, assigning, pledging, or otherwise conveying a concession contract or leasehold surrender interest. The Secretary must approve the transfer unless one of three problems exists: the buyer can’t meet the contract terms, the transfer would harm resource protection or visitor services (including reasonable facilities and rates), or the deal would cut the concessioner’s chance for a reasonable profit, lower service or facility quality, or force higher prices. Contract terms can’t be reopened or changed because of the transfer unless the transfer would harm resources or visitor services as described above.