§ 65.701   Period of review.

   For  both  exchange  and  interexchange carriers subject to this part,
   interstate earnings shall be measured over a two year period to determine
   compliance with the maximum allowable rate of return. The review periods
   shall commence on January 1 in odd-numbered years and shall end on December
   31 in even-numbered years.

   [ 60 FR 28546 , June 1, 1995]

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