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There is hereby established within the Treasury of the City of Los Angeles a special fund to be known as the “Telecommunications Development Fund”. All monies received or collected by the City from any cable and digital video franchise holder other than Charter Communications or Time Warner Cable, as public, educational and government (PEG) fees, and all monies received or collected by the City from private line franchise holders shall be deposited into said Fund. There is hereby established within the Telecommunications Development Fund, an account to be known as the “General PEG Fee Account”. All PEG monies received or collected from any cable and digital video franchise holder other than Charter Communications and Time Warner Cable shall be deposited into the General PEG Fee Account.
SECTION HISTORY
Added by Ord. No. 157,178, Eff. 11-20-82.
Amended by: Ord. No. 160,873, Eff. 4-6-86; In Entirety, Ord. No. 187,363, Eff. 3-5-22.
The Fund shall be administered by, and expenditures shall be authorized by the General Manager of the Information Technology Agency, or the designee thereof, subject to prior approval by the City Council and the Mayor. Expenditures from said Fund, other than from the General PEG Fee Account, may be used for any telecommunication uses in the City. Expenditures from the General PEG Fee Account shall be made only for public access, educational access, and government access programing. Pursuant to Charter Section 344, monies not disbursed in any fiscal year from the Fund, or in any of the accounts within the Fund, shall not revert to the Reserve Fund, but shall remain in the Fund and be devoted to the purposes of the Fund. Except that the City Council expressly reserves the right to transfer the private line franchise funds from the Telecommunications Development Account to the General Fund upon a majority vote of the City Council and approval by the Mayor.
SECTION HISTORY
Added by Ord. No. 157,178, Eff. 11-20-82.
Amended by: Ord. No. 160,873, Eff. 4-6-86; In Entirety, Ord. No. 187,363, Eff. 3-5-22.
There is hereby established within the Treasury of the City of Los Angeles a special fund to be known as the “PEG Development Fund”. All monies received or collected by the City from Charter Communications and Time Warner Cable as public, educational and government (PEG) fees shall be deposited into said Fund.
SECTION HISTORY
Added by Ord. No. 187,363, Eff. 3-5-22.
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