2006 Code of Virginia § 54.1-833 - Reports; cable television systems; fee on receipts

54.1-833. Reports; cable television systems; fee on receipts.

A. Each promoter shall furnish to the Department, within twenty-four hoursafter the completion of each event, a written and verified report on the formprovided by the Department showing the number of tickets sold, unsold andgiven away and the amount of gross proceeds thereof for such eventsoriginating in the Commonwealth, and its total gross receipts from the saleof rights to distribute in any manner such event by any video, telephonic orother communication method involving the control of electrons or other chargecarriers for such live events originating in the Commonwealth. Within thetwenty-four-hour period, the promoter shall pay to the Department a fee of(i) five percent of the first $100,000 of its total gross receipts; and (ii)two and one-half percent of the remainder of its total gross receipts.Records of the promoter shall be subject to audit by the Department.

B. Each cable television system shall report to the Department in writing thename and address of each person from whom it obtains the rights to provide alive event originating in the Commonwealth.

C. The Department shall hold all license fees in a special fund of the statetreasury subject to appropriation of the General Assembly. Payments from thisfund shall be made to the contractors for their services on behalf of theCommonwealth. No payment shall exceed the balance of the fund. The Departmentshall draw from the fund to cover any expenses associated with the provisionsof this chapter.

(1998, c. 895.)