2017 US Code
Title 47 - Telecommunications
Chapter 5 - Wire or Radio Communication
Subchapter V-A - Cable Communications
Part III - Franchising and Regulation
Sec. 547 - Conditions of sale
| 47 U.S.C. § 547 (2017) |
| §547. Conditions of sale |
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(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. |
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(June 19, 1934, ch. 652, title VI, §627, as added Pub. L. 98–549, §2, Oct. 30, 1984, 98 Stat. 2793.) |
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REFERENCES IN TEXT
For "the effective date of this subchapter", referred to in subsecs. (a)(2) and (b)(2), as 60 days after Oct. 30, 1984, except where otherwise expressly provided, see section 9(a) of Pub. L. 98–549, set out as an Effective Date note under section 521 of this title. EFFECTIVE DATESection effective 60 days after Oct. 30, 1984, except where otherwise expressly provided, see section 9(a) of Pub. L. 98–549, set out as a note under section 521 of this title. |
| United States Code, 2012 Edition, Supplement 5, Title 47 - TELECOMMUNICATIONS |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 47 - TELECOMMUNICATIONS CHAPTER 5 - WIRE OR RADIO COMMUNICATION SUBCHAPTER V-A - CABLE COMMUNICATIONS Part III - Franchising and Regulation Sec. 547 - Conditions of sale |
| section 547 |
| 2017 |
| January 12, 2018 |
| No |
| standard |
| 98 Stat. 2793 |
| Public Law 98-549 |
