Sec. 36.222  Nonoperating income and expenses--Account 7300.

    (a) Only allowance for funds used during construction, and 
charitable, social and community welfare contributions are considered in 
this account for separations purposes.
    (b) Subsidiary record categories should be maintained for this 
account that include identification of amounts made to the account for 
(1) credits representing allowance for funds used during construction 
and (2) contributions for charitable, social or community welfare 
purposes, employee activities, membership dues and fees in service 
clubs, community welfare association and similar organizations.
    (c) The portion reflecting allowance for funds used during 
construction is apportioned on the basis of the cost of 
Telecommunications Plant Under Construction--Account 2003. The portion 
reflecting costs for social and community welfare contributions and fees 
is apportioned on the basis of the apportionment of corporate operations 
expenses.
[ 52 FR 17229 , May 6, 1987, as amended at  60 FR 12138 , Mar. 6, 1995]