136 



69 



1 ments, canceled checks, and such other information as the 



2 Secretary may require. 



3 (7) The concessioner shall annually submit to the 



4 Secretary a statement reflecting total activity in the fund 



5 for the preceding financial year. The statement shall re- 



6 fleet monthly deposits, expenditures by project, interest 



7 earned, and such other information as the Secretary re- 



8 quires. 



9 (8) A fund established pursuant to this subsection 



10 may not be used for any capital expenditure exceeding 



11 $2,500,000 in any fiscal year unless such expenditure 



12 from a fund has been authorized in advance by Act of Con- 



13 gress. The Secretary shall annually inform the Congress 



14 concerning the actual and projected use of moneys in each 



15 fund established pursuant to this subsection. 



16 (9) Upon the termination of a concession contract, 



17 or upon the sale or transfer of such contract, any remain- 



18 ing balance in the fund shall be transferred by the conces- 



19 sioner to the successor concessioner, to be sued solely as 



20 set forth in this subsection. In the event there is no succes- 



21 sor concessioner, the fund balance shall be deposited into 



22 the special account established in subsection (a). 



23 SEC. 508. DURATION OF CONTRACT. 



24 (a) Maximum Term. — ^A concession contract entered 



25 into pursuant to this title shall be awarded for a term not 



