Sec. 627. CONDITIONS OF SALE
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## SEC. 627 CONDITIONS OF SALE **[**[47 U.S.C. 547](/us/usc/t47/s547)**]** ###
(a)If a renewal of a franchise held by a cable operator is denied and the franchising authority acquires ownership of the cable system or effects a transfer of ownership of the system to another person, any such acquisition or transfer shall be— ####
(1)at fair market value, determined on the basis of the cable system valued as a going concern but with no value allocated to the franchise itself, or ####
(2)in the case of any franchise existing on the effective date of this title, at a price determined in accordance with the franchise if such franchise contains provisions applicable to such an acquisition or transfer. ###
(b)If a franchise held by a cable operator is revoked for cause and the franchising authority acquires ownership of the cable system or effects a transfer of ownership of the system to another person, any such acquisition or transfer shall be— ####
(1)at an equitable price, or ####
(2)in the case of any franchise existing on the effective date of this title, at a price determined in accordance with the franchise if such franchise contains provisions applicable to such an acquisition or transfer.
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Sec. 627
CONDITIONS OF SALE
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