### Question
How does the law define asset concession?


### Answer
Under *23 U.S.C. § 611*, **asset concession** is defined as:

> a contract between an eligible entity and a concessionaire—


(A) under which—


(i) the eligible entity agrees to enter into a concession agreement or long-term lease with the concessionaire relating to an approved infrastructure asset owned, controlled, or maintained by the eligible entity

#### Citation:
  - *23 U.S.C. § 611*
  - Heading: **CHAPTER 6-INFRASTRUCTURE FINANCE**

