§ A400-5. Franchise fee.

Latest version.

Pursuant to the terms and conditions of the Cable Television Act, the company shall, during each year of operation under the consent granted herein, pay to the municipality 3.5% of the gross revenues as defined in Section 3 of P.L. 1972 c. 186 (N.J.S.A. 48:5A-3), that the company derives during the calendar year from cable television service charges or fees paid by subscribers in the municipality to the company, or any amount permitted by the Act or otherwise allowable by law.

                    
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