14 CFR 271.8 - Rate period.
(a) The subsidy rate generally will be set for a 2-year period, or two consecutive 1-year periods. The Department may set the rate for a shorter period in the following situations:
(3) The Department considers the cost or revenue projections of the carrier for the second year to be unrealistic;
(b) The subsidy rate established for a carrier under this part will not be changed during the rate period unless an adjustment is required in the public interest.
(c) At the end of the rate period, the carrier will not have a continuing right to receive subsidy for providing essential air service at the eligible place.
[ER-1398, 49 FR 49846, Dec. 24, 1984, as amended at 60 FR 43524, 43525, Aug. 22, 1995]
Title 14 published on 2014-01-01
no entries appear in the Federal Register after this date.