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41:13:02:05Franchise fee.

Section · Administrative Rules of South Dakota · View on sdlegislature.gov ↗

The concession lease or agreement shall provide for payment of a franchise fee or other monetary consideration as determined by the commission. In establishing a fee the concessionaire's reasonable opportunity to realize a profit on its operations commensurate with its capital invested and the obligations assumed shall be considered. A franchise fee shall be subordinate to protecting park values and providing quality visitor service.

Source: 32 SDR 55, effective October 17, 2005.

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Law Implemented