SECTION 1. The first paragraph of section 15 of chapter 166A of the General Laws, as appearing in the 2004 Official Edition, is hereby amended by striking out the first sentence and inserting in place thereof the following:-
The division shall study the necessity and desirability of rate regulation, and thereafter it may, upon its own motion or upon request of any issuing authority or licensee, after due hearing and investigation, fix and establish, for each community antenna television system in the commonwealth, a fair and reasonable rate of return from subscription rates charged to subscribers, said rates to be adequate, just, reasonable and non-discriminatory provided, however the maximum rate for each community antenna television system shall not exceed the lowest rate established for each system in any city or town of the commonwealth.
SECTION 2. All existing rates on the effective date of this act shall be adjusted to conform with the provisions of section 1.
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