Sec. 76.502 Time limits applicable to franchise authority consideration
of transfer applications.
(a) A franchise authority shall have 120 days from the date of
submission of a completed FCC Form 394, together with all exhibits, and
any additional information required by the terms of the franchise
agreement or applicable state or local law to act upon an application to
sell, assign, or otherwise transfer controlling ownership of a cable
(b) A franchise authority that questions the accuracy of the
information provided under paragraph (a) must notify the cable operator
within 30 days of the filing of such information, or such information
shall be deemed accepted, unless the cable operator has failed to
provide any additional information reasonably requested by the franchise
authority within 10 days of such request.
(c) If the franchise authority fails to act upon such transfer
request within 120 days, such request shall be deemed granted unless the
franchise authority and the requesting party otherwise agree to an
extension of time.
[ 61 FR 15388 , Apr. 8, 1996]
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