During the term of each license, each licensee shall pay to the cable television commission an amount equal to five percent per year of the licensee's annual gross revenue.
Said fees shall be paid quarterly not later than August 1st, November 1st, February 1st, and May 1st for the preceding three-month period ending, respectively, June 30th, September 30th, December 31st, and March 31st. Not later than the date of each payment, each licensee shall file with the clerk of the board of directors of the cable television commission and with the governing bodies of the county and cities a written statement signed under penalty of perjury by an officer of the licensee which identifies in detail the sources and amounts of gross revenues received by a licensee during the quarter for which payment is made.
No acceptance of any payment shall be construed as an accord that the amount paid is, in fact, the correct amount, nor shall such acceptance of payment be construed as a release of any claim which the commission may have for further or additional sums payable under the provisions of this section. (Prior code § 20.16.1500)