Sec.  76.917   Notification of certification withdrawal.

   A franchising authority that has been certified to regulate rates may, at
   any time, notify the Commission that it no longer intends to regulate basic
   cable rates. Such notification shall include the franchising authority's
   determination that rate regulation no longer serves the interests of cable
   subscribers served by the cable system within the franchising authority's
   jurisdiction, and that it has received no consideration for its withdrawal
   of certification. Such notification shall be served on the cable operator.
   The  Commission retains the right to review such determinations and to
   request the factual finding of the franchising authority underlying its
   decision to withdraw certification. The franchising authority's withdrawal
   becomes effective upon notification to the Commission.

   [ 59 FR 17972 , Apr. 15, 1994]