Sec.  76.982   Continuation of rate agreements.

   During  the  term  of  an agreement executed before July 1, 1990, by a
   franchising authority and a cable operator providing for the regulation of
   basic cable service rates, where there was not effective competition under
   Commission rules in effect on that date, the franchising authority may
   regulate basic cable rates without following section 623 of the 1992 Cable
   Act or  Sec.  Sec. 76.910 through 76.942. A franchising authority regulating basic
   cable rates pursuant to such a rate agreement is not required to file for
   certification during the remaining term of the agreement but shall notify
   the Commission of its intent to continue regulating basic cable rates.