§  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 § § 69.608
   to 69.610.

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