[CAP. 229 Telecommunications 15 (6) After review, the PUC shall decide whether the frequency authorisation should be granted and issue its decision in writing no later than sixty days from receipt of the application. (7) Where an application is approved the PUC shall issue the frequency authorisation on payment of the prescribed fee. Where a licence is refused, the PUC shall state in writing its reasons for such refusal. PART VI FEE STRUCTURE 8. (1) Any person applying under these Regulations for an Individual Payment of fees. Licence, a Class Licence, or a Frequency Authorisation shall be required to Schedule. pay the fees as set out in the Schedule as follows:(a) on filing of the application, the Application Fee; (b) on grant of the licence, the Initial Fee; (c) at the end of the first calendar year, the Annual Fee; and (d) annually, after the first calendar year, the Annual Fee. (2) Any fees not covered above which may be applicable to a licensee shall be paid annually by the licensee in accordance with the fees listed in the Schedule. Schedule. 9. Where a person applying under the Act for a licence is required to make a contribution to the Universal Access Fund such person shall pay such contributions as prescribed in Regulations made by the PUC governing Universal Service Obligations. THE SUBSIDIARY LAWS OF BELIZE [ ] Printed by the Government Printer, No. 1 Power Lane, Belmopan, by the authority of the Government of Belize. Universal Access Fund. REVISED EDITION 2003