§  23.29   License period and expiration time.

   (a) Licenses for stations operating in the fixed public
   radiocommunications services will be issued for a period of 10 years
   unless otherwise stated in the instrument of authorization. The date of
   expiration of such licenses shall be the 1st day of December, and each
   station license will be issued so as to expire at the hour 3 a.m.,
   eastern standard time. Unless otherwise ordered, when an application
   for a new station license is granted within three months of the
   expiration date for licenses of the particular class of station
   involved, the license shall be issued for the unexpired period of the
   current license term and for the full succeeding term. If granted more
   than three months from the normal expiration date, the license shall be
   issued for the unexpired period of the current license term only.

   (b) The Commission reserves the right to grant or renew station
   licenses in these services for a shorter period of time than that
   generally prescribed for such stations if, in its judgment, the public
   interest, convenience or necessity would be served by such action.

   [ 28 FR 13032 , Dec. 5, 1963, as amended at  36 FR 2562 , Feb. 6, 1971;  38 FR 22480 , Aug. 21, 1973;  48 FR 27253 , June 14, 1983]