Goto Section: 64.1001 | 64.1100 | Table of Contents

FCC 64.1002
Revised as of September 1, 2021
Goto Year:2020 | 2022
  §  64.1002   Investments and expenses.

   (a) Investment and expenses not used and useful in the ordinary course.
   The following investments and expenses are presumed not used and useful
   (and thus unreasonable):

   (1) Personal expenses, including but not limited to personal expenses
   for food and beverages, housing, such as rent or mortgages, vehicles
   for personal use, and personal travel;

   (2) Tangible property not logically related or necessary to offering
   voice or broadband services;

   (3) Political contributions;

   (4) Membership fees and dues in social, service and recreational, or
   athletic clubs or organizations;

   (5) Penalties or fines for statutory or regulatory violations; and

   (6) Penalties or fees for late payments on debt, loans, or other
   payments.

   (b) Non-customary investments and expenses. Unless customary for
   similarly situated companies, the following investments and expenses
   are presumed not used and useful (and thus unreasonable):

   (1) Personal benefits, such as gifts, housing allowances, and
   childcare, that are not part of taxable compensation;

   (2) Artwork and other objects that possess aesthetic value that are
   displayed in the workplace;

   (3) Aircraft, watercraft, and off-road vehicles used for work and
   work-related purposes;

   (4) Cafeterias and dining facilities;

   (5) Charitable donations;

   (6) Entertainment;

   (7) Food and beverage expenses for work and work-related travel;

   (8) Membership fees and dues associated with professional
   organizations;

   (9) Scholarships; and

   (10) Sponsorships of conferences or community events.

   

Subpart K—Changes in Preferred Telecommunications Service Providers

   


Goto Section: 64.1001 | 64.1100

Goto Year: 2020 | 2022
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