Regulations for the Establishment of Radio Broadcasting Enterprises Article 42

Nominated bidders of regional radio broadcasting enterprise may, upon receiving all station licenses, apply for reimbursement of forty percent of the performance bond or a notification to the guarantee bank to rescind forty percent of the guarantee liability. Upon completing the establishment and receiving station operating license, the said bidders may apply for reimbursement of sixty percent of the performance bond or a notification to the guarantee bank to rescind sixty percent of the guarantee liability.Nominated bidders of nationwide radio broadcasting enterprise may apply for reimbursement of performance bond or a notification to the guarantee bank to rescind the guarantee liability according the following regulations:1. Where a phased establishment is not adopted, the nominated bidder shall, upon completing the establishment and receiving nationwide station operating license, apply for reimbursement of the performance bond or a notification to the guarantee bank to rescind the guarantee liability.2. Where a phased establishment is adopted, the nominated bidder shall, upon completing the first phase of establishment, apply for reimbursement of forty percent of the performance bond or a notification to the guarantee bank to rescind forty percent of the guarantee liability. It shall then, upon completing the entire establishment and having the station operating license replaced, apply for reimbursement of sixty percent of the performance bond or a notification to the guarantee bank to rescind sixty percent of the guarantee liability.