- (a) The standard form contract shall be executed for a term of years commensurate with the size of the total investment required of the concessioner. The duration of a contract shall be set for a period of time to allow for a reasonable opportunity for return on investment.
- (b) Revocable short-term contracts shall be issued for a term of two years or less.
- (c) Revocable temporary contracts shall be issued for a term of six months or less.
- (d) No renewal rights shall be made a part of any concession contract.
Source Note:The provisions of this §59.105 adopted to be effective January 2, 1997, 21 TexReg 12421; amended to be effective April 23, 2001, 26 TexReg 3024.