PTNA Project Perpetual Ownership, Management Sample Clauses

PTNA Project Perpetual Ownership, Management. In addition to perpetual ownership of acquired land and interests in land, the SNPLMA Assistance Agreements/Cooperative Agreements between the BLM and the local and regional governmental entities require that the governmental entities own and maintain in perpetuity any facilities, trails, or other features which are constructed using SNPLMA funds. This requirement does not prohibit the governmental entities from entering into agreements with third parties to perform necessary and appropriate maintenance of SNPLMA funded PTNA projects. Such agreements, however, cannot give or otherwise transfer ownership of the SNPLMA-funded PTNA project or project elements to a third party nor can such agreements abdicate the local or regional governmental entity’s ultimate responsibility for such maintenance. Commercial, for-profit entities may not operate facilities funded by SNPLMA. Local and regional governmental entities may enter into management agreements/contracts on a fixed fee basis where any excess revenues are utilized solely for the operation and maintenance of the SNPLMA funded facility.
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