Modifies provisions relating to video services
If enacted, SB 1316 will have significant implications for how video service providers operate in Missouri. The new definitions introduced by the bill include comprehensive descriptions of 'gross revenues' and 'video service networks,' which aim to capture a broader spectrum of service types and associated fees. This update is poised to benefit both providers and municipalities by ensuring a clearer understanding of revenue generation from video services, thereby potentially increasing the stability and predictability of franchise fee income for local governments.
Senate Bill 1316, introduced by Senator Cierpiot, aims to repeal and modify an existing law regarding municipal franchise fees for video service providers in Missouri. The bill specifically targets section 67.2677 of the Revised Statutes of Missouri, which outlines various definitions and guidelines related to video services. By repealing and enacting a new version of this section, the bill seeks to clarify the terms and responsibilities of video service providers and franchise entities, allowing for a more standardized approach in terms of fee structures and revenue reporting.
Notable points of contention may arise regarding the potential impact of this bill on local government revenue streams and the ability of municipalities to negotiate favorable terms with providers. Some legislators and community advocates may argue that the bill could undermine local control regarding video service delivery and franchise negotiations. As it clarifies and potentially limits the definition of fees, concerns may be raised about whether municipalities will retain sufficient authority to ensure compliance from service providers and protect community interests.