Sec. 69.607  Disbursement of Carrier Common Line residue.

    (a) The association shall compute a monthly net balance for each 
member

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telephone company that is not an average schedule company. If such a 
company has a negative net balance, the association shall bill that 
amount to such company. If such a company has a positive net balance, 
the association shall disburse that amount to such company.
    (b) The net balance for such a company shall be computed by 
multiplying a hypothetical net balance for such a company by a factor 
that is computed by dividing the Carrier Common Line residue by the sum 
of the hypothetical net balances for such companies.
    (c) The hypothetical net balance for each company shall be the sum 
of the hypothetical net balances for each access element. Such 
hypothetical net balances shall be computed in accordance with 
Secs. 69.608 to .610.

[48 69 FR 10358 , Mar. 11, 1983, as amended at  51 FR 42237 , Nov. 24, 1986]