§  73.5003   Submission of full payments.

   Winning bidders are required to pay the balance of their winning bids
   in a lump sum prior to the deadline established by the Commission
   pursuant to §  1.2109(a) of this chapter. If a winning bidder fails to
   pay the balance of its winning bid in a lump sum by the applicable
   deadline as specified by the Commission, it will be allowed to make
   payment within ten (10) business days after the payment deadline,
   provided that it also pays a late fee equal to five (5) percent of the
   amount due in accordance with §  1.2109(a) of this chapter. Broadcast
   construction permits will be granted by the Commission only after full
   and timely payment of winning bids and any applicable late fees and in
   accordance with the provisions of this section.

   [ 71 FR 6228 , Feb. 7, 2006]

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