                                 CODE OF VIRGINIA

ENTERPRISE FUNDS FOR CABLE TELEVISION SERVICES (§ 15.2-2108.9)

A. A municipality that provides a cable television service under this article
shall:

   1. Establish an enterprise fund to account for the municipality&#8217;s
   operations of a cable television service; and

   2. Adopt separate operating and capital budgets for the municipality&#8217;s
   cable television services.

B. A municipality that provides a cable television service under this article
shall not:

   1. Transfer any appropriation or other balance in any enterprise fund
   established by the municipality under this section to another enterprise fund;
   or

   2. Transfer any appropriation or other balance in any other enterprise fund
   established by the municipality to any enterprise fund established by the
   municipality under this section.
   				The restrictions on transfers described in this subsection do not apply to
   transfers made by a municipality between other enterprise funds established by
   the municipality.

C. A municipality authorized pursuant to subsection E of § 56-265.4:4 to
provide cable television service shall:

   1. Establish a separate department within an enterprise fund to account for
   the municipality&#8217;s operations of a cable television service. This
   department may share a common balance sheet with other telecommunications and
   communications services, but the income statements must be stated separately;
   and

   2. Adopt separate operating and capital budgets for the municipality&#8217;s
   cable television services.

D. A municipality authorized pursuant to subsection E of &#xA7; 56-265.4:4 to
provide cable television service shall not transfer funds from other departments
to the cable television department, but the municipality may make
interdepartmental loans at market rates, upon such terms and conditions as would
prevail from a private lender.

HISTORY: 2003, c. 677.