- (a) Unless unusual circumstances are found by the State Highway Commission, a lease of operating rights will not be approved for longer than a period of one (1) year.
- (b) During this time, the parties shall be expected to consider and determine whether or not they want to enter into a transaction of sale and purchase of the rights conferred under the certificate or permit.
- (c) At the end of the lease period, lessee shall file with the commission a statement of intent as to the plans of the lessee as they pertain to future use of the permit.
- (d) Should the lessee request an extension of operating rights beyond the one (1) year approved herein, such extension shall be requested in the statement filed by the lessee at the end of the lease period.