§  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 § § 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.