Sec.  51.805   The Commission's authority over proceedings and matters.

   (a) If the Commission assumes responsibility for a proceeding or matter
   pursuant  to section 252(e)(5) of the Act, the Commission shall retain
   jurisdiction over such proceeding or matter. At a minimum, the Commission
   shall  approve  or  reject  any  interconnection  agreement adopted by
   negotiation, mediation or arbitration for which the Commission, pursuant to
   section  252(e)(5)  of  the  Act, has assumed the state's commission's
   responsibilities.

   (b)  Agreements  reached  pursuant  to mediation or arbitration by the
   Commission pursuant to section 252(e)(5) of the Act are not required to be
   submitted to the state commission for approval or rejection.