Sec.  76.935   Participation of interested parties.

   In order to regulate basic tier rates or associated equipment costs, a
   franchising authority must have procedural laws or regulations applicable to
   rate  regulation proceedings that provide a reasonable opportunity for
   consideration of the views of interested parties. Such rules must take into
   account the 30, 120, or 180-day time periods that franchising authorities
   have to review rates under  Sec. 76.933.