"The Licensing Division in the U.S. Copyright Office administers certain statutory licenses set forth in the [[1976 Copyright Act|Copyright Act}}. The Division collects payments and examines statements of account for the cable statutory license (17 U.S.C. §111), the satellite statutory license for retransmission of distant television broadcast stations (17 U.S.C. § 119), and the statutory license for digital audio recording technology (17 U.S.C. Ch. 10). The Division also accepts and records documents associated with the use of the mechanical statutory license (17 U.S.C. §115). The Division deducts its full operating costs from the royalty fees and invests the balance in interest-bearing securities with the U.S. Treasury for later distribution to copyright owners."
- ↑ Compendium of U.S. Copyright Office Practices, Third Edition, Glossary, at 10.