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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>78409</law_id><section_number>15.2-2108.29</section_number><catch_line>Surrender</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="15.2">Counties, Cities and Towns</unit><unit label="subtitle" level="2" order_by="1" identifier="II">Powers of Local Government</unit><unit label="chapter" level="3" order_by="1" identifier="21">Franchises; Sale and Lease of Certain Municipal Public Property; Public Utilities</unit><unit label="article" level="4" order_by="1" identifier="1.2">Licensing and Regulation of Cable Television Systems</unit></structure><text>
						<section><p>Notwithstanding the provisions of this article, a new cable franchisee that considers, within three years after the grant of a cable <span class="dictionary">franchise</span> under this article, that its provision of <span class="dictionary">cable services</span> within the <span class="dictionary">locality</span> is no longer economically feasible may notify the <span class="dictionary">locality</span> and surrender its cable <span class="dictionary">franchise</span> for the entire <span class="dictionary">locality</span> without liability to such <span class="dictionary">locality</span>. If a new cable franchisee surrenders its <span class="dictionary">cable service</span> <span class="dictionary">franchise</span>, it shall not be eligible to obtain a new <span class="dictionary">cable service</span> <span class="dictionary">franchise</span> within such <span class="dictionary">locality</span> until after the normal expiration date of the <span class="dictionary">franchise</span> that such franchisee surrendered. Such surrender of a cable <span class="dictionary">franchise</span> shall have no impact on other <span class="dictionary">franchises</span> held by the new cable franchisee or noncable services offered by the new cable franchisee.</p></section></text><history>2006, cc. 73, 76.</history><metadata></metadata></law>
