- At all times during the term of a franchise, including the time for removal of facilities or management, the cable operator shall obtain and hold a performance bond running to the District with good and sufficient surety approved by the Office, in an amount to be determined by the Office or set forth in a franchise agreement, to ensure that the operation of the cable system continues uninterrupted in the event of a default by the cable operator.
- The cable operator shall make all payments associated with the bond in a timely manner.
- The cable operator shall file with the Office written evidence of payment of premiums and executed duplicate copies of the bond documents.
- The bond shall be with a surety company authorized by the District's Superintendent of Insurance to transact business in the District.
- The bond shall require 60 calendar days written notice of any cancellation to both the Office and the cable operator. If the Office or the cable operator receives a cancellation notice, the cable operator shall obtain a new bond, meeting the requirements of this section, within 60 days after receipt of the notice by the Office or the cable operator.
- Failure to comply with the provisions of this section, or with the performance bond provisions of the franchise agreement, shall constitute a material violation of a franchise.
Historical and Statutory
Legislative History of Laws
For Law 14-193, see notes following § 34-1251.01.
DC CODE § 34-1256.05
Current through December 11, 2012
(Aug. 21, 1982, D.C. Law 4-142, § 605, as added Oct. 9, 2002, D.C. Law 14-193, § 2(b), 49 DCR 7334.)