47 CFR 69.606 : Telecommunication (§ 0.1 To Parts 401-499) — (Parts 40-41 To § 69.731) — Federal Communications Commission (Continued) (Parts 40-41 To § 69.731) — Common Carrier Services (Continued) (Parts 40-41 To § 69.731) — Access Charges (§ 69.1 To § 69.731) — Exchange Carrier Association (§ 69.601 To § 69.610) — Computation of average schedule company payments.

(a) Payments shall be made in accordance with a formula approved or modified by the Commission. Such formula shall be designed to produce disbursements to an average schedule company that simulate the disbursements that would be received pursuant to § 69.607 by a company that is representative of average schedule companies.

(b) The association shall submit a proposed revision of the formula for each annual period subsequent to December 31, 1986, or certify that a majority of the directors of the association believe that no revisions are warranted for such period on or before December 31 of the preceding year.