Sec.  69.607   Disbursement of Carrier Common Line residue.

   (a) The association shall compute a monthly net balance for each member
   telephone company that is not an average schedule company. If such a company
   has a negative net balance, the association shall bill that amount to such
   company. If such a company has a positive net balance, the association shall
   disburse that amount to such company.

   (b) The net balance for such a company shall be computed by multiplying a
   hypothetical net balance for such a company by a factor that is computed by
   dividing the Carrier Common Line residue by the sum of the hypothetical net
   balances for such companies.

   (c) The hypothetical net balance for each company shall be the sum of the
   hypothetical net balances for each access element. Such hypothetical net
   balances shall be computed in accordance with  Sec.  Sec. 69.608 to 69.610.

   [ 48 FR 10358 , Mar. 11, 1983, as amended at  51 FR 42237 , Nov. 24, 1986]