(a) Each person who is compensated to influence cable television franchise legislation shall file in the office of the Fiscal Officer, a statement of expenditures. The statement shall show the total amount of expenditures made by the person filing the statement to influence such legislation and the specific purpose of the expenditure.
(b) In cases in which it is impractical or impossible to determine exact dollar amounts or values of expenditures, reporting of good faith estimates, based upon reasonable accounting procedures, shall constitute compliance with this section.
(c) All persons who are compensated to influence cable television franchise legislation shall retain receipts or maintain records for all expenditures that are required to be reported pursuant to this section. These receipts or records shall be maintained for a period ending on December 31, of the present calendar year, after the year in which the expenditure was made.
(Ord. 83-104. Passed 3-7-83.)