Copyright Office, Library of Congress.
Final rule: technical amendment.
The Copyright Office makes a technical amendment to its rule on interest payments by cable operators.
This technical amendment is effective April 20, 2010.Start Further Info
FOR FURTHER INFORMATION CONTACT:
Ben E. Golant, Assistant General Counsel or Tanya M. Sandros, Deputy General Counsel, Copyright GC/I&R, P.O. Box 70400, Washington, DC 20024. Telephone: (202) 707-8380. Telefax: (202) 707-8366.End Further Info End Preamble Start Supplemental Information
Cable systems submitting statutory payments in an untimely fashion, or who have underpaid the amount due, must include the proper interest charge along with their royalties. See Assessment of Interest Regarding the Cable Compulsory License, 54 FR 14217, 14220-21 (Apr. 10, 1989). It has been the Office's longstanding practice that interest is not due when the amount has been less than or equal to five dollars. Section 201.17(i)(2)(iii) had codified this practice. However, this rule was inadvertently removed when the Office updated its electronic funds transfer requirements four years ago. Prior to the adoption of these regulations, Section 201.17(i)(2)(iii) read as follows, “Interest is not required to be paid on any royalty underpayment or late payment from a particular accounting period if the interest charge is less than or equal to five dollars.” To correct this error we are amending Section 201.17(i)(4) to restore this language on the five dollar threshold.Start List of Subjects
List of Subjects in 37 CFR Part 201End List of Subjects
Final RuleStart Amendment Part
In consideration of the foregoing, part 201 of 37 CFR chapter II is amended as follows:End Amendment Part Start Part
PART 201—GENERAL PROVISIONSEnd Part Start Amendment Part
1.The authority citation for part 201 continues to read as follows:End Amendment Part
§ 201.17 [Amended]Start Amendment Part
2. Amend § 201.17(i)(4) by adding “Interest is not required to be paid on any royalty underpayment or late payment from a particular accounting period if the interest charge is less than or equal to five dollars.” after “then the accrual period shall end on the date of the actual receipt by the Copyright Office.”End Amendment Part Start Signature
Dated: April 14, 2010
Deputy General Counsel,
U.S. Copyright Office
[FR Doc. 2010-8970 Filed 4-19-10; 8:45 am]
BILLING CODE 1410-30-S