Sec. 25.530  Scope of authorization.

    (a) In order to effectuate the purpose of the Communications 
Satellite Act of 1962 of promoting the widest possible distribution of 
stock among the authorized carriers, each authorization issued pursuant 
to this subpart by the Commission shall be so conditioned that in the 
event any voting stock authorized to be issued by the corporation, which 
is reserved and available for purchase by authorized carriers, is 
oversubscribed, the Commission may specify the dollar amount or 
percentage of such stock which may be purchased pursuant to such 
authorization.
    (b) All authorizations shall be issued to, or on behalf of the named 
applicant and shall not be transferable.
    (c) The Commission may attach such other conditions to the 
authorization as it determines to be consistent with the public 
interest, convenience, and necessity.