36 CFR 51.59 - Will a leasehold surrender interest be extinguished by expiration or termination of a leasehold surrender interest concession contract or may it be taken for public use?

Regulations last checked for updates: Apr 28, 2024

Title 36 - Parks, Forests, and Public Property last revised: Apr 17, 2024

View all text of Subpart G [§ 51.51 - § 51.67]

§ 51.59 - Will a leasehold surrender interest be extinguished by expiration or termination of a leasehold surrender interest concession contract or may it be taken for public use?

A leasehold surrender interest may not be extinguished by the expiration or termination of a concession contract and a leasehold surrender interest may not be taken for public use except on payment of just compensation. Payment of leasehold surrender interest value pursuant to this part will constitute the payment of just compensation for leasehold surrender interest within the meaning of this part and for all other purposes.

authority: 54 U.S.C. 101901-101926 and title IV of the National Parks Omnibus Management Act of 1998 (Pub. L. 105-391)

source: 65 FR 20668, Apr. 17, 2000, unless otherwise noted.

cite as: 36 CFR 51.59