FCC 24.249 Revised as of October 1, 2014
Goto Year:2013 |
§ 24.249 Payment issues.
(a) Timing. On the day that a PCS entity files its prior coordination
notice (PCN) in accordance with § 101.103(d) of this chapter, it must
file a copy of the PCN with the clearinghouse. The clearinghouse will
determine if any reimbursement obligation exists and notify the PCS
entity in writing of its repayment obligation, if any. When the PCS
entity receives a written copy of such obligation, it must pay directly
to the PCS relocator or the voluntarily relocating microwave incumbent
the amount owed within thirty days, with the exception of those
businesses that qualify for installment payments. A business that
qualifies for an installment payment plan must make its first
installment payment within thirty days of notice from the
clearinghouse. UTAM's first payment will be due thirty days after its
reimbursement obligation is triggered, as described in § 24.247(b).
(b) Eligibility for Installment Payments. PCS licensees that are
allowed to pay for their licenses in installments under our designated
entity rules will have identical payment options available to them with
respect to payments under the cost-sharing plan. The specific terms of
the installment payment mechanism, including the treatment of principal
and interest, are the same as those applicable to the licensee's
installment auction payments. If, for any reason, the entity eligible
for installment payments is no longer eligible for such installment
payments on its license, that entity is no longer eligible for
installment payments under the cost-sharing plan. UTAM may make
quarterly payments over a five-year period with an interest rate of
prime plus 2.5 percent. UTAM may also negotiate separate repayment
arrangements with other parties.
[ 61 FR 29693 , June 12, 1996, as amended at 62 FR 12757 , Mar. 18, 1997]
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