Sec.  32.2002   Property held for future telecommunications use.

   (a) This account shall include the original cost of property owned and held
   for  no  longer  than  two  years  under  a  definite  plan for use in
   telecommunications service. If at the end of two years the property is not
   in service, the original cost of the property may remain in this account so
   long as the carrier excludes the original cost and associated depreciation
   from its ratebase and ratemaking considerations and report those amounts in
   reports filed with the Commission pursuant to 43.21(e)(1) and 43.21(e)(2) of
   this chapter.

   (b) Subsidiary records shall be maintained to show the character of the
   amounts carried in this account.

   [ 65 FR 16334 , Mar. 28, 2000]