(a) In any case in which a cable television system franchisee submits an application to the Commission for the renewal or extension of its franchise authorization, the Commission may refuse to grant such renewal or other extension only in accordance with section 626(c)(1) of the federal Cable Communications Policy Act of 1984.
(b) A cable television system franchisee must file for renewal at least 12 months before the expiration of the franchise. The Commission must consider the renewal within 120 days of submission of the application and conduct any proceedings necessary to adequately consider the application.
(c) The Commission shall:
(1) negotiate in good faith with any cable television system regarding franchise renewal within 30 days after the completion of proceedings pursuant to subsection (b) of this section;
(2) make a final decision on granting or denying renewal within 6 months after receipt of an application; and
(3) in the case of the denial of an application, notify the applicant by written statement within 15 days after the final decision of the reasons for the denial.
(d) Any renewal applicant adversely affected or aggrieved by a final decision of the Commission made pursuant to this section, or by a failure of the Commission to act in accordance with subsection (c) of this section, may obtain judicial review of such final decision in the District Court of the Virgin Islands. The existing franchise shall remain in effect pending the completion of such judicial review.