Page:United States Statutes at Large Volume 111 Part 1.djvu/283

 PUBLIC LAW 105-33—AUG. 5, 1997 111 STAT. 259 (B) in paragraph (3)— (i) by inserting after the second sentence the following new sentence: "The Commission shall, directly or by contract, provide for the design and conduct (for purposes of testing) of competitive bidding using a contingent combinatorial bidding system that permits prospective bidders to bid on combinations or groups of licenses in a single bid and to enter multiple alternative bids within a single bidding round."; (ii) by striking "and" at the end of subparagraph (C); (iii) by striking the period at the end of subparagraph (D) and inserting "; and"; and (iv) by adding at the end the following new subparagraph: "(E) ensure that, in the scheduling of any competitive bidding under this subsection, an adequate period is allowed— "(i) before issuance of bidding rules, to permit notice and comment on proposed auction procedures; and "(ii) after issuance of bidding rules, to ensure that interested parties have a sufficient time to develop business plans, assess market conditions, and evaluate the availability of equipment for the relevant services."; (C) in paragraph (4)— (i) by striking "and" at the end of subparagraph (D); (ii) by striking the period at the end of subparagraph (E) and inserting "; and"; and (iii) by adding at the end the following new subparagraph: "(F) prescribe methods by which a reasonable reserve price will be required, or a minimum bid will be established, to obtain any license or permit being assigned pursuant to the competitive bidding, unless the Commission determines that such a reserve price or minimum bid is not in the public interest."; (D) in paragraph (8)(B)— (i) by striking the third sentence; and (ii) by adding at the end the following new sentence: "No sums may be retained under this subparagraph during any fiscal year beginning after September 30, 1998, if the annual report of the Commission under section 4(k) for the second preceding fiscal year fails to include in the itemized statement required by paragraph (3) of such section a statement of each expenditure made for purposes of conducting competitive bidding under this subsection during such second preceding fiscal year."; (E) in paragraph (11), by striking "1998" and inserting "2007"; and (F) in paragraph (13)(F), by striking "September 30, 1998" and inserting "the date of enactment of the Balanced Budget Act of 1997".

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