PEG Facilities and Equipment Support. A cable operator shall provide to the Town or its PEG channel designee adequate PEG channel facilities and equipment and equivalent financial support to meet the cable-related needs and interests of the Town and its communities (the “PEG Support”). To meet the cable-related needs and interests of the Town, the Town may require all cable operators to provide financial support, as permitted by the Cable Act, as a capital grant payable to the Town for PEG capital requirements in the amount up to three percent (3%) of a cable operator’s gross revenue no more frequently than once every two years. The capital grant shall be included with the cable operator’s franchise fee payment and may be passed through to subscribers in the same manner. The Town shall provide all cable operators with ninety (90) days' prior written notice for the implementation or modification of the capital grant.
PEG Facilities and Equipment Support. No later than 90 days from the execution of this Franchise, Company shall provide to the [Name of Municipality] a PEG capital grant in the amount of $ to be utilized by the [Name of Municipality] to purchase Public Educational and Governmental access facilities and equipment determined by the parties during renewal discussions. Such amount, to the extent utilized in accordance with the provisions of federal law, are in addition to and may not be counted as an offset from any Franchise Fee imposed on Company.
