The Licensing Division in the U.S. Copyright Office administers certain statutory licenses set forth in the Copyright Act. The Division collects royalty 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. chapter 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 interestbearing securities with the U.S. Treasury for later distribution to copyright owners. For further information see The Licensing Division of the Copyright Office (Circular 75).