15.2-2108.29 - Surrender. - Virginia Statutes

§ 15.2-2108.29. Surrender.

Notwithstanding the provisions of this article, a new cable franchisee thatconsiders, within three years after the grant of a cable franchise under thisarticle, that its provision of cable services within the locality is nolonger economically feasible may notify the locality and surrender its cablefranchise for the entire locality without liability to such locality. If anew cable franchisee surrenders its cable service franchise, it shall not beeligible to obtain a new cable service franchise within such locality untilafter the normal expiration date of the franchise that such franchiseesurrendered. Such surrender of a cable franchise shall have no impact onother franchises held by the new cable franchisee or noncable servicesoffered by the new cable franchisee.

(2006, cc. 73, 76.)