Goto Section: 25.164 | 25.201 | Table of Contents
FCC 25.165
Revised as of October 1, 2011
Goto Year:2010 |
2012
§ 25.165 Posting of bonds.
(a) For all satellite licenses issued after September 20, 2004, other
than DBS licenses, DARS licenses, and replacement satellite licenses as
defined in paragraph (e), the licensee is required to post a bond
within 30 days of the grant of its license. Failure to post a bond will
render the license null and void automatically.
(1) NGSO licensees are required to post a bond in the amount of $5
million.
(2) GSO licensees are required to post a bond in the amount of $3
million.
(3) Licensees of satellite systems including both NGSO satellites and
GSO satellites that operate in the same frequency bands as the NGSO
satellites are required to post a bond in the amount of $5 million.
(b) The licensee must use a surety company deemed acceptable within the
meaning of 31 U.S.C. 9304 et seq. ( See, e.g. , Department of Treasury
Fiscal Service, Companies Holding Certificates of Authority as
Acceptable Sureties on Federal Bonds and As Acceptable Reinsurance
Companies, 57 FR 29356 , July 1, 1992.) The bond must name the U.S.
Treasury as beneficiary in the event of the licensee's default. The
licensee must provide the Commission with a copy of the performance
bond, including all details and conditions.
(c) A licensee will be considered to be in default if it fails to meet
any milestone deadline set forth in § 25.164, and, at the time of
milestone deadline, the licensee has not provided a sufficient basis
for extending the milestone.
(d) A GSO licensee will be permitted to reduce the amount of the bond
by $750,000 upon successfully meeting a milestone deadline set forth in
section 25.164(a) of this chapter. An NGSO licensee will be permitted
to reduce the amount of the bond by $1 million upon successfully
meeting a milestone deadline set forth in section 25.164(b) of this
chapter.
(e) A replacement satellite is one that is:
(1) Authorized to be operated at the same orbit location, in the same
frequency bands, and with the same coverage area as one of the
licensee's existing satellites, and
(2) Scheduled to be launched so that it will be brought into use at
approximately the same time as, but no later than, the existing
satellite is retired.
[ 68 FR 51507 , Aug. 27, 2003, as amended at 69 FR 51587 , Aug. 20, 2004]
Subpart C--Technical Standards
Source: 30 FR 7176 , May 28, 1965; 36 FR 2562 , Feb. 6, 1971, unless
otherwise noted.
Goto Section: 25.164 | 25.201
Goto Year: 2010 |
2012
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