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.

[[Page 78]]

    (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 Secs. 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]