{"data":{"id":"us/47-cfr-54.1301","jurisdiction":"us","citation":"47 CFR 54.1301","heading":"General.","body":"(a) This subpart addresses support for loop-related costs included in § 54.1308. The expense adjustment calculated pursuant to this subpart M shall be added to interstate expenses and deducted from state expenses after expenses and taxes have been apportioned pursuant to subpart D of part 36 of this chapter. Beginning January 1, 2012, this subpart will only apply to incumbent local exchange carriers that are rate-of-return carriers not affiliated, as “affiliated companies” are defined in § 32.9000 of this chapter, with price cap local exchange carriers. Rate-of-return carriers and price cap local exchange carriers are defined pursuant to § 54.5 and § 61.3(bb) of this chapter, respectively.\n(b) The expense adjustment will be computed on the basis of data for a preceding calendar year.","path":["Title 47—Telecommunication","CHAPTER I—FEDERAL COMMUNICATIONS COMMISSION","SUBCHAPTER B—COMMON CARRIER SERVICES","PART 54—UNIVERSAL SERVICE","Subpart M—High Cost Loop Support for Rate-of-Return Carriers"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-47.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:26:28Z","sha256":"09997933070c4b566ce7fcde135ccd61b3d1ef10aff6dbeae546dab7bdc4f0bc","source_id":"us-cfr","stale":true,"prev":"us/47-cfr-54.1022","next":"us/47-cfr-54.1302"},"notice":"GroundRules: Original legal text. Not legal advice."}