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District of Columbia Code Division V. Local Business Affairs § 34-1252.03. Cable Television Special Account.

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) There is hereby established within the General Fund of the District, a OCTFME Special Account, to which shall be credited all revenues owed and accruing to the District from the establishment, regulation, and operation of the industries under this subchapter. The OCTFME Special Account shall be nonlapsing. Revenues deposited into the special account shall not revert to the General Fund at the end of any fiscal year or at any other time. All special account deposits shall be secured in a manner consistent with deposits of revenues by the District.

(b) Revenues deposited into the special account shall be continually available to the Office for the uses and purposes set forth in this chapter, subject to authorization in an appropriations chapter.

(c) The Director shall administer the special account and receive all payments required by this chapter.

(d) Deposits into the special account shall include:

(1) Fees and penalties collected pursuant to this chapter, to regulations promulgated pursuant to this chapter, or to a franchise agreement, including franchise fees, application fees, and transfer fees;

(2) Collections by the District on indemnities, insurance, and bonds pursuant to this chapter, to regulations promulgated pursuant to this chapter, or to a franchise agreement;

(3) PEG funding provided by a cable operator pursuant to a cable franchise agreement, which shall be used exclusively for PEG purposes;

(3A) Fees derived from film permits applied for or issued pursuant to § 2-1204.11d;

(4) Other payments authorized by this chapter, by regulations promulgated under this chapter, or by an agreement entered into under the authority of this chapter; and

(5) All interest earned on all deposits.

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Cite this article: FindLaw.com - District of Columbia Code Division V. Local Business Affairs § 34-1252.03. Cable Television Special Account. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-v-local-business-affairs/dc-code-sect-34-1252-03/

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