31 CFR §802.206
Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
The term concession means an arrangement, other than a purchase or lease, whereby a U.S. public entity grants a right to use real estate for the purpose of developing or operating infrastructure for a covered port. This term includes the assignment of a concession, in whole or in part, by the party who is not the U.S. public entity.