AB207-ASA1-AA10,2,5
3"
(11) Transfer of video service franchise. (a) A person who is issued a video
4service franchise shall give the public service commission at least 90 days' advance
5written notice of the person's intention to transfer ownership or control of its video
6service network. A person who is issued a video service franchise may not transfer
7ownership or control of its video service network without the approval of the public
8service commission. The public service commission may not withhold approval of an
9ownership transfer or a transfer of control without good cause. If a hearing is
10necessary to determine if a transfer may have an adverse effect, the public service
11commission may schedule a hearing to take place within 45 days after the date on
12which the public service commission receives the notice. If the public service
1commission withholds approval of an ownership transfer or a transfer of control, the
2public service commission shall state its objections to the transfer in writing within
360 days after the date on which the public service commission receives the notice.
4Under this paragraph, a transfer of control is presumed to occur if 40 percent or more
5of the ownership interest in a video service network is transferred.
AB207-ASA1-AA10,2,96
(b) If 10 percent or more of the ownership interest in a video service network
7is transferred, the person issued the video service franchise shall inform the public
8service commission of the transfer in writing within 30 days after the date of the
9transfer.".
