Sec.  69.605   Reporting and distribution of pool access revenues.

   (a) Access revenues and cost data shall be reported by participants in
   association tariffs to the association for computation of monthly pool
   revenues distributions in accordance with this subpart.

   (b) Association expenses incurred during the month that are allowable access
   charge expenses shall be reimbursed before any other funds are disbursed.

   (c) Except as provided in paragraph (b) of this section, payments to average
   schedule companies that are computed in accordance with  Sec. 69.606 shall be
   disbursed before any other funds are disbursed. For purposes of this part, a
   telephone company that was participating in average schedule settlements on
   December 1, 1982, shall be deemed to be an average schedule company except
   that any company that does not join in association tariffs for all access
   elements shall not be deemed to be an average schedule company.

   (d) The residue shall be disbursed to telephone companies that are not
   average schedule companies in accordance with  Sec.  Sec. 69.607 through 69.610.

   (e) The association shall submit a report on or before February 1 of each
   calendar year describing the association's cost study review process for the
   preceding calendar year as well as the results of that process. For any
   revisions to cost study results made or recommended by the association that
   would change the respective carrier's calculated annual common line or
   traffic sensitive revenue requirement by ten percent or more, the report
   shall include the following information:

   (1) The name of the carrier;

   (2) A detailed description of the revisions;

   (3) The amount of the revisions;

   (4) The impact of the revisions on the carrier's calculated common line and
   traffic sensitive revenue requirements; and

   (5) The carrier's total annual common line and traffic sensitive revenue
   requirement.

   [ 48 FR 10358 , Mar. 11, 1983, as amended at  51 FR 17027 , May 8, 1986;  52 FR 21543 , June 8, 1987;  54 FR 11537 , Mar. 21, 1989;  60 FR 19530 , Apr. 19, 1995]