Sec.  21.934   Assignment or transfer of control of BTA authorizations.

   

   (a)(1) A BTA or PSA authorization holder seeking approval for a
   transfer of control or assignment of its authorization within three
   years of receiving such authorization through a competitive bidding
   procedure must, together with its application for transfer of control
   or assignment, file with the Commission a statement indicating that
   its authorization was obtained through competitive bidding.

   (2) Such applicant must also file with the Commission the associated
   contracts for sale, option agreements, management agreements, or other
   documents disclosing the total consideration that the applicant would
   receive in return for the transfer or assignment of its authorization.
   This information should include not only a monetary price, but also
   any future, contingent, in-kind, or other consideration (e.g.,
   management or consulting contracts either with or without an option to
   purchase; below market financing).

   (b) Transfers of control or assignments of BTA or PSA authorizations
   are subject to the limitations of Sec. Sec. 21.4, 21.900 and 21.912 of this
   subpart.

   (c) The anti-trafficking provision of Sec. 21.39 does not apply to the
   assignment or transfer of control of a BTA or PSA authorization, which
   was granted pursuant to the Commission's competitive bidding
   procedures.

   [ 60 FR 36556 , July 17, 1995]