Goto Section: 24.710 | 24.712 | Table of Contents

FCC 24.711
Revised as of October 1, 2013
Goto Year:2012 | 2014
§  24.711   Installment payments for licenses for frequency Block C.

   Installment payments. Each eligible licensee of frequency Block C may
   pay the remaining 90 percent of the net auction price for the license
   in installment payments pursuant to §  1.2110(f) of this chapter and
   under the following terms:

   (a) For an eligible licensee with gross revenues exceeding $75 million
   (calculated in accordance with §  1.2110(n) of this chapter and
   §  24.709(b)) in each of the two preceding years (calculated in
   accordance with §  1.2110(n) of this chapter), interest shall be
   imposed based on the rate for ten-year U.S. Treasury obligations
   applicable on the date the license is granted, plus 3.5 percent;
   payments shall include both principal and interest amortized over the
   term of the license.

   (b) For an eligible licensee with gross revenues not exceeding $75
   million (calculated in accordance with §  1.2110(b) of this chapter and
   §  24.709(b)) in each of the two preceding years, interest shall be
   imposed based on the rate for ten-year U.S. Treasury obligations
   applicable on the date the license is granted, plus 2.5 percent;
   payments shall include interest only for the first year and payments of
   interest and principal amortized over the remaining nine years of the
   license term.

   (c) For an eligible licensee that qualifies as a small business or as a
   consortium of small businesses, interest shall be imposed based on the
   rate for ten-year U.S. Treasury obligations applicable on the date the
   license is granted; payments shall include interest only for the first
   six years and payments of interest and principal amortized over the
   remaining four years of the license term.

   [ 67 FR 45371 , July 9, 2002, as amended at  68 FR 42999 , July 21, 2003]

   return arrow Back to Top


Goto Section: 24.710 | 24.712

Goto Year: 2012 | 2014
CiteFind - See documents on FCC website that cite this rule

Want to support this service?
Thanks!

Report errors in this rule. Since these rules are converted to HTML by machine, it's possible errors have been made. Please help us improve these rules by clicking the Report FCC Rule Errors link to report an error.
hallikainen.com
Helping make public information public