§  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]