A. Not more than once annually, the town or its designee may examine and audit the business records of a state franchisee to ensure compliance with the franchise fee payment obligations of Section 13.10.060 and the PEG fee payment obligations of Section 13.10.070(B).

B. A state franchisee shall keep all business records reflecting any gross revenues, even if there is a change in ownership of the state franchisee, for a least four years after such gross revenues are recognized by the state franchisee on its books and records. In the case of subscriber numbers used for calculating the PEG fee, a state franchisee shall keep data on the number of its subscribers in the town, even if there is a change in ownership of the state franchisee, for at least four years after the close of each calendar quarter on which the PEG fee is to be paid.

C. To the extent consistent with DIVCA and other applicable law, the town may request, and a state franchisee shall provide, information and books and records to the extent necessary to monitor a state franchisee’s compliance with this chapter. (Ord. 569 § 7 (part), 2007)