Sec.  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]