Sec.  54.205   Relinquishment of universal service.

   (a) A state commission shall permit an eligible telecommunications carrier
   to relinquish its designation as such a carrier in any area served by more
   than one eligible telecommunications carrier. An eligible telecommunications
   carrier that seeks to relinquish its eligible telecommunications carrier
   designation for an area served by more than one eligible telecommunications
   carrier  shall  give  advance  notice  to the state commission of such
   relinquishment.

   (b)  Prior to permitting a telecommunications carrier designated as an
   eligible telecommunications carrier to cease providing universal service in
   an area served by more than one eligible telecommunications carrier, the
   state commission shall require the remaining eligible telecommunications
   carrier or carriers to ensure that all customers served by the relinquishing
   carrier will continue to be served, and shall require sufficient notice to
   permit the purchase or construction of adequate facilities by any remaining
   eligible telecommunications carrier. The state commission shall establish a
   time,  not to exceed one year after the state commission approves such
   relinquishment  under  this  section,  within  which  such purchase or
   construction shall be completed.