Sec.  69.116   Universal service fund.

   Effective August 1, 1988 through December 31, 1997:

   (a) A charge that is expressed in dollars and cents per line per month shall
   be  assessed  upon  all interexchange carriers that use local exchange
   switching  facilities  for  the  provision  of  interstate  or foreign
   telecommunications services and that have at least .05 percent of the total
   common lines presubscribed to interexchange carriers in all study areas.

   (b) The charge shall be computed by the association on a semi-annual basis
   by dividing one-twelfth of the projected annual Universal Service Fund
   revenue requirement by the total number of common lines presubscribed to
   interexchange carriers defined in  Sec. 69.116(a). Beginning on April 1, 1989,
   the association shall bill and collect the charge, and disburse associated
   revenue, on a monthly basis pursuant to  Sec. 69.603(c).

   (c) Telephone companies shall provide the association the data necessary to
   compute the charge. These data shall include the number of presubscribed
   common lines in each study area and the number of those lines associated
   with each interexchange carrier serving that study area. In a study area
   served  by  a  single interexchange carrier, all common lines shall be
   considered as presubscribed to that interexchange carrier. Information
   concerning presubscribed common lines shall be filed with the association on
   June 30 and December 30 of each year, except for the first such submission,
   containing presubscribed common line data calculated as of December 31,
   1987, which shall be filed on August 1, 1988. Presubscribed common line data
   filed on June 30 shall be calculated as of December 31 of the preceding
   year, and presubscribed common line data filed on December 30 shall be
   calculated as of June 30 of the same year.

   [ 53 FR 28396 , July 28, 1988, as amended at  54 FR 50624 , Dec. 8, 1989;  62 FR 32962 , June 17, 1997]