47 U.S.C. § 547
Sections in this chapter
- § 1
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- § 646
§ 547. Conditions of sale
- (a) If a renewal of a franchise held by a cable operator is denied and the franchising authority acquires ownership of the cable system or effects a transfer of ownership of the system to another person, any such acquisition or transfer shall be—
- (1) at fair market value, determined on the basis of the cable system valued as a going concern but with no value allocated to the franchise itself, or
- (2) in the case of any franchise existing on the effective date of this subchapter, at a price determined in accordance with the franchise if such franchise contains provisions applicable to such an acquisition or transfer.
- (b) If a franchise held by a cable operator is revoked for cause and the franchising authority acquires ownership of the cable system or effects a transfer of ownership of the system to another person, any such acquisition or transfer shall be—
- (1) at an equitable price, or
- (2) in the case of any franchise existing on the effective date of this subchapter, at a price determined in accordance with the franchise if such franchise contains provisions applicable to such an acquisition or transfer.
Change History
No history yet for this section.