§ 14-6. Franchise fee.

(a)

In consideration of the granting and exercise of a franchise under this chapter, for the operation of a cable television system, the franchisee shall pay to the county during the life of the franchise a fee in the amount of three percent of its gross annual receipts from all cable services in the county, including all forms of consideration, and such other receipts and revenues if and when permitted by FCC regulations.

(b)

All payments shall be made semiannually on July 31 and January 31 and shall be accompanied by a statement of gross receipts derived by the grantee from services located within the areas of the county, such statement to be certified annually to coincide with bookkeeping systems, as to correctness by a certified public accountant licensed to practice in the state.

(c)

The franchise payments provided for in this section shall be in addition to and not in lieu of ad valorem taxes assessed with respect to real or personal property of the grantee by the county.

(Code 1992, § 12-6)