The payment must be renegotiated at least every ten years
What the document says“The Secretary and the Airports Authority shall renegotiate the level of lease payments at least once every 10 years to ensure that in no year the amount specified in paragraph (1)(B) is less than $15,000,000 in 2027 dollars.”
The section requires the Secretary and the Airports Authority to renegotiate the level of lease payments at least once every ten years so that in no year does the figure fall below $15,000,000 in 2027 dollars.
What the document actually says“The Secretary and the Airports Authority shall renegotiate the level of lease payments at least once every 10 years to ensure that in no year the amount specified in paragraph (1)(B) is less than $15,000,000 in 2027 dollars.”
The two sides must revisit the payment. That must happen at least once every ten years. The figure may never drop below $15 million in 2027 dollars.
The floor is fixed in the law. Talks may raise the figure. They may not push it below the floor.
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