§ 802.206 Concession.
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Title 31 CFR: Money and Finance: Treasury › Chapter VIII: OFFICE OF INVESTMENT SECURITY, DEPARTMENT OF THE TREASURY › Part 802: REGULATIONS PERTAINING TO CERTAIN TRANSACTIONS BY FOREIGN PERSONS INVOLVING REAL ESTATE IN THE UNITED STATES › Subpart B: Definitions › § 802.206: § 802.206 Concession.
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The term
concession
means an arrangement, other than a purchase or lease, whereby a U.S. public entity grants a right to use real estate for the purpose of developing or operating infrastructure for a covered port. This term includes the assignment of a concession, in whole or in part, by the party who is not the U.S. public entity.
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