Franchise Fee Calculations of Fort Sumter Tours, Inc: Oversight Hearing Before the Subcommittee on National Parks and Public Lands of the Committee on Resources, House of Representatives, One Hundred Sixth Congress, First Session, July 1, 1999, Washington, DC. |
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Page 15
... adjustment under NPS concession contracts is to be consistent with the probable value of the privileges granted by the contract , based upon reasonable opportunity for net profit in relation to both gross receipts and capital invested ...
... adjustment under NPS concession contracts is to be consistent with the probable value of the privileges granted by the contract , based upon reasonable opportunity for net profit in relation to both gross receipts and capital invested ...
Page 16
... adjustment after taking into consideration the results of the arbitration proceedings . In each of these three instances , the concessioner's franchise fee was substantially increased . However , in each of these cases , the ...
... adjustment after taking into consideration the results of the arbitration proceedings . In each of these three instances , the concessioner's franchise fee was substantially increased . However , in each of these cases , the ...
Page 17
... adjustment of the contract's franchise fee to 12 % in FST Í at both the trial and appellate level . There was no realistic_possibility that the Supreme Court would grant certiorari in FST 1 . On May 10 , 1996 , NPS met with FST ...
... adjustment of the contract's franchise fee to 12 % in FST Í at both the trial and appellate level . There was no realistic_possibility that the Supreme Court would grant certiorari in FST 1 . On May 10 , 1996 , NPS met with FST ...
Page 21
... adjustments respecting particular circumstances , that the expenses of the operation will approximate the median for the industry in question . In this connection , many concessioners operate under an NPS concession contract and conduct ...
... adjustments respecting particular circumstances , that the expenses of the operation will approximate the median for the industry in question . In this connection , many concessioners operate under an NPS concession contract and conduct ...
Page 25
... adjustment for analysis purposes of specific features of the business choices a particular concessioner makes in performing under the terms of a concession contract . A specific concessioner may decide to fund the business by equity ...
... adjustment for analysis purposes of specific features of the business choices a particular concessioner makes in performing under the terms of a concession contract . A specific concessioner may decide to fund the business by equity ...
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Common terms and phrases
accounting adjustment administrative Annual Meeting arbitrary and capricious arbitration average balance sheet boat calculation Campsen cash Chairman classified under SIC College of Charleston concession contract concession operations concessionaire Concessioner concessioner's Concessions Policy Act D&B Industry Norms debt depreciation district court error expenses Federal fee increase FFA Proforma financial statements five year period Fort Sumter Tours Franchise Fee Analysis franchise fee determination FST's financial FST's franchise fee FST's profitability GAAP Government gross receipts guidelines HANSEN hereunder included inferences June 13 liability median National Park Service NPS's Office overstated Patriot's Point performed plaintiff population of businesses possessory interest probable value procedures Profitability Measures Purchasing Quartile Threshold reasonable reconsideration reported Return on Assets RMA Statement Studies salaries sample Secretary section 9(e SIC code South Carolina STANTON Statement Studies data statistically invalid Sumter National Monument Sumter Tours utilized vessel
Popular passages
Page 69 - Chairman, this concludes my prepared testimony. I will be happy to answer any questions you or members of your subcommittee may have.
Page 293 - The obligation of a contract is "the law which binds the parties to perform their agreement." Sturges v. Crowninshield, 4 Wheat. 122, 197; Story, op. cit., § 1378. This Court has said that "the laws which subsist at the time and place of the making of a contract, and where it is to be performed, enter into and form a part of it, as if they were expressly referred to or incorporated in its terms. This principle embraces alike those which affect its validity, construction, discharge and enforcement.
Page 297 - We find that the district court did not abuse its discretion in finding that such circumstances did not exist in the instant case.
Page 297 - The issue was whether these experts' opinions were sufficiently supported by the animal studies on which they purported to rely. The studies were so dissimilar to the facts presented in this litigation that it was not an abuse of discretion for the District Court to have rejected the experts
Page 14 - Honorable Slade Gorton Chairman, Subcommittee on Interior and Related Agencies Committee on Appropriations United States Senate...
Page 53 - D&B provides its clients, which states: This report . . . contains information compiled from sources which Dun & Bradstreet, Inc. does not control and whose information, unless otherwise indicated in this report, has not been verified . . . Dun & Bradstreet, Inc. . . . does not guarantee the accuracy, completeness, or timeliness of the information provided. I have addressed this at length for a reason.
Page 41 - Franchise fees, however stated, shall be determined upon consideration of the probable value to the concessioner of the privileges granted by the particular contract or permit involved. Such value is the opportunity for net profit in relation to both gross receipts and capital invested.
Page 97 - The courts may not accept appellate counsel's post hoc rationalizations for agency action ; Chenery requires that 156 Opinion of the Court. an agency's discretionary order be upheld, if at all, on the same basis articulated in the order by the agency itself...
Page 157 - The Standard Industrial Classification (SIC) is the statistical classification standard underlying all establishment-based Federal economic statistics classified by industry. The SIC is used to promote the comparability of establishment data describing various facets of the US economy. The classification covers the entire field of economic activities and defines industries in accordance with the composition and structure of the economy.
Page 21 - October 9, 1965, provides that franchise fees shall be determined upon consideration of the probable value to the concessioner of the privileges granted...