172 



24 



1 paviiieiit equal to the remaining- value of the possessory 



2 interest. 



3 (D) A successor concessioner may not revalue any 



4 outstanding- possessoiy interest, nor the period of time 



5 over which such interest is reduced. 



6 (E) Title to any structure, fixture, or improvement 



7 associated with any outstanding: possessory interest shall 



8 be vested in the United States. 



9 (2) (A) If the Secretary determines during the com- 



10 petitive selection process that all proposals submitted ei- 



11 ther fail to meet the minimum requirements or are re- 



12 jected (as provided in section 7), the Secretary ma}', solely 



1 3 with respect to any outstanding' possessoiy interest associ- 



14 ated with the contract and established pursuant to a con- 



15 cession contract entered into pi-ior to the date of enact- 



16 ment of this Act, suspend the reduction pro\isions of sub- 



17 section (b)(1)(B) for the duration of the contract, and 



18 reinitiate the competitive selection process as provided in 



19 section 7. 



20 (B) The Secretary may suspend such i-eduction pr'o\i- 



21 sions only if the Secretarv' deter-mines that the establish- 



22 ment of other new minimum conti'act requirements is not 



23 likely to i-esuit in the submission of satisfactory pi'oposals, 



24 and that the suspension of the r-eduction provisions is like- 



25 ly to i-esult in the subnrission of satisfactory pi-oposals: 



