§ 30-50. Franchise fee.

Latest version.

All grantees shall pay to the county a franchise fee (as defined in 47 USC 542(g)) not to exceed five percent of a grantee's gross revenues derived from the operation of a grantee's cable system during each 12-month period commencing on the date the franchise is or was granted or transferred. The franchise fee payments shall be paid semiannually, in arrears, and shall be due within 60 days after the close of each preceding six-month period. A grantee shall pay an annual interest rate of ten percent if any payment shall be delinquent.

(Ord. No. 88-10, § 19, 5-19-88; Ord. No. 94-10, § VIII, 6-9-94)

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');