[Federal Register Volume 59, Number 176 (Tuesday, September 13, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-22081]


[[Page Unknown]]

[Federal Register: September 13, 1994]


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FEDERAL COMMUNICATIONS COMMISSION

47 CFR Part 32

 

Uniform System of Accounts for Telecommunications Companies; 
Correction

AGENCY: Federal Communications Commission.

ACTION: Correcting amendments.

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SUMMARY: This document contains corrections to the final regulations, 
which were published Tuesday, December 2, 1986 (51 FR 43498). The 
regulations related to a single new uniform system of accounts for all 
telephone companies subject to the Commission's jurisdiction.

EFFECTIVE DATE: January 1, 1988.

FOR FURTHER INFORMATION CONTACT:Virginia Brockington (202) 634-1861.

SUPPLEMENTARY INFORMATION:

Background

    The final regulations that are the subject of these corrections, 
superseded Parts 31 and 33 on January 1, 1988 and affect telephone 
companies required to follow the accounting rules (Part 32) of the 
Commission. Part 32 implements sections 4(i), 4(j) and 220 of the 
Communications Act of 1934, as amended.

Need for Correction

    As published, the final regulations contain errors which may prove 
to be misleading and are in need of clarification.

List of Subjects in 47 CFR Part 32

    Communications common carrier, Telephone, Uniform system of 
accounts.

    Accordingly, 47 CFR Part 32 is corrected by making the following 
correcting amendments:

PART 32--UNIFORM SYSTEM OF ACCOUNTS FOR TELECOMMUNICATIONS 
COMPANIES

    1. The authority citation for Part 32 continues to read as follows:

    Authority: Secs. 4(i), 4(j) and 220 as amended; 47 U.S.C. 
154(i), 154(j) and 220.


Sec. 32.23  [Corrected]

    2. In Sec. 32.23, paragraph (c), the sentence ``Nonregulated 
revenue items not qualifying for incidental treatment, as provided in 
Sec. 32.4999(1), shall be recorded in separate subsidiary record 
categories of Account 5280, Nonregulated operating revenue.'' is 
revised to read ``Nonregulated revenue items not provided for elsewhere 
in this system of accounts and not qualifying for incidental treatment 
as provided in Sec. 32.4999(1), shall be recorded in separate 
subsidiary record categories of Account 5280, Nonregulated operating 
revenue.''


Sec. 32.2000  [Corrected]

    3. In Sec. 32.2000, paragraph (a)(4), in the first sentence, the 
word ``if'' is revised to read ``of'', a comma is replaced with a 
semicolon after the phrase ``Special Purpose Vehicles'', and a comma is 
placed after the number ``2123''.
    4. In Sec. 32.2000, paragraph (b)(2) introductory text, a comma is 
placed after the word ``property''.


Sec. 32.2220  [Corrected]

    5. In Sec. 32.2220, the section heading, ``Operator system'' is 
revised to read ``Operator systems''.


Sec. 32.2231  [Corrected]

    6. In Sec. 32.2231, the section heading, ``Radio system'' is 
revised to read ``Radio systems''.


Sec. 32.2311  [Corrected]

    7. In Sec. 32.2311, paragraph (d), the phrase ``Account 2221'' is 
revised to read ``Account 2220''.


Sec. 32.2341  [Corrected]

    8. In Sec. 32.2341, paragraph (g), the word ``Large'' is revised to 
read ``large''.


Sec. 32.3000  [Corrected]

    9. In Sec. 32.3000, paragraph (b), in the chart under the column 
entitled ``Class A account'', the figure ``$3100'' is revised to 
``3100''.


Sec. 32.3300  [Corrected]

    10. In Sec. 32.3300, paragraph (b), the number ``7460'' is revised 
to read ``7360''.


Sec. 32.4999  [Corrected]

    11. In the first sentence of paragraph (e) of Sec. 32.4999, the 
word ``underying'' is revised to read ``underlying''.


Sec. 32.5060  [Corrected]

    12. In Sec. 32.5060, in the second sentence, the word 
``competition'' is revised to read ``completion''.


Sec. 32.6410  [Corrected]

    13. In Sec. 32.6410, the number ``6426'' in each instance is 
revised to read ``6441''.

Federal Communications Commission.
William F. Caton,
Acting Secretary.
[FR Doc. 94-22081 Filed 9-12-94; 8:45 am]
BILLING CODE 6712-01-M