S.D. Admin. R. 41:13:03:10

Current through Register Vol. 51, page 67, December 16, 2024

Section 41:13:03:10 - Prospectus requirements

The prospectus shall include:

(1) Minimum visitor service requirements;

(2) The minimum franchise fee or other forms of consideration required by the state;

(3) Lease term;

(4) Minimum performance standards;

(5) Measures requested to ensure the protection and preservation of park resources;

(6) Capital investments, if any;

(7) Facilities and services provided to the concessionaire by the state for the concessionaire's use and operation over the course of the lease;

(8) An estimate of the possessory interest compensation due to the existing concessionaire at signing;

(9) Gross receipts by category for the last three years and the most recent year's concessionaire's personal property and merchandise inventory;

(10) Selection factors, including minimum requirements; and

(11) Other such information that the commission may deem necessary to assist bidders in the preparation of a prospectus.

S.D. Admin. R. 41:13:03:10

32 SDR 55, effective 10/17/2005.

General Authority: SDCL 41-17-1.1(6).

Law Implemented: SDCL 41-17-1.1(6).