§  78.31   Temporary extension of license.

   Where there is pending before the Commission any application,
   investigation, or proceeding which, after hearing, might lead to or
   make necessary the modification of, revocation of or the refusal to
   renew an existing cable television relay station license, the
   Commission will grant a temporary extension of such license: Provided,
   however, That no such temporary extension shall be construed as a
   finding by the Commission that the operation of any CARS station
   thereunder will serve the public interest, convenience, and necessity
   beyond the express terms of such temporary extension of license: And
   provided, further, That such temporary extension of license will in
   nowise affect or limit the action of the Commission with respect to any
   pending application or proceeding.