Goto Section: 1.21003 | 1.30000 | Table of Contents
Revised as of October 1, 2020
Goto Year:2019 |
§ 1.21004 Winning bidder's obligation to apply for support
(a) Timely and Sufficient Application. A winning bidder has a binding
obligation to apply for support by the applicable deadline. A winning
bidder that fails to file an application by the applicable deadline or
that for any reason is not subsequently authorized to receive support
has defaulted on its bid.
(b) Liability for Default Payment. A winning bidder that defaults is
liable for a default payment, which will be calculated by a method that
will be established as provided in a public notice prior to competitive
bidding. If the default payment is determined as a percentage of the
defaulted bid amount, the default payment will not exceed twenty
percent of the amount of the defaulted bid amount.
(c) Additional Liabilities. A winning bidder that defaults, in addition
to being liable for a default payment, shall be subject to such
measures as the Commission may provide, including but not limited to
disqualification from future competitive bidding pursuant to this
subpart AA, competitive bidding for universal service support.
Subpart BB--Disturbance of AM Broadcast Station Antenna Patterns
Source: 78 FR 66295 , Nov. 5, 2013, as amended at 78 FR 70499 , Nov. 26,
2013, unless otherwise noted.
Goto Section: 1.21003 | 1.30000
Goto Year: 2019 |
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