Code of Federal Regulations (alpha)

CFR /  Title 36  /  Part 51  /  Sec. 51.65 May the concessioner gain additional leasehold surrendersurrender 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.