Any state franchisee operating within the boundaries of the County shall pay a fee
to the County equal to five percent (5%) of the "gross revenue" of that state franchisee.
Gross revenue, for the purposes of this chapter, shall have the definition set forth
in California Public Utilities Code Section 5860. The state franchise fee shall be
remitted to the County, within forty-five (45) days after the end of the quarter for
that calendar quarter. Each payment shall be accompanied by a summary explaining the
basis for the calculation of the state franchise fee. If the holder does not pay the
franchise fee when due, the holder shall pay a late payment charge at a rate per year
equal to the highest prime lending rate during the period of delinquency, plus one
percent (1%). If the holder has overpaid the franchise fee, it may deduct the overpayment
from its next quarterly payment.
(Ord. 04453, § 1, 12/9/08)
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