{"data":{"id":"us/47-cfr-64.1002","jurisdiction":"us","citation":"47 CFR 64.1002","heading":"Investments and expenses.","body":"(a) Investment and expenses not used and useful in the ordinary course. The following investments and expenses are presumed not used and useful (and thus unreasonable):\n(1) Personal expenses, including but not limited to personal expenses for food and beverages, housing, such as rent or mortgages, vehicles for personal use, and personal travel;\n(2) Tangible property not logically related or necessary to offering voice or broadband services;\n(3) Political contributions;\n(4) Membership fees and dues in social, service and recreational, or athletic clubs or organizations;\n(5) Penalties or fines for statutory or regulatory violations; and\n(6) Penalties or fees for late payments on debt, loans, or other payments.\n(b) Non-customary investments and expenses. Unless customary for similarly situated companies, the following investments and expenses are presumed not used and useful (and thus unreasonable):\n(1) Personal benefits, such as gifts, housing allowances, and childcare, that are not part of taxable compensation;\n(2) Artwork and other objects that possess aesthetic value that are displayed in the workplace;\n(3) Aircraft, watercraft, and off-road vehicles used for work and work-related purposes;\n(4) Cafeterias and dining facilities;\n(5) Charitable donations;\n(6) Entertainment;\n(7) Food and beverage expenses for work and work-related travel;\n(8) Membership fees and dues associated with professional organizations;\n(9) Scholarships; and\n(10) Sponsorships of conferences or community events.","path":["Title 47—Telecommunication","CHAPTER I—FEDERAL COMMUNICATIONS COMMISSION","SUBCHAPTER B—COMMON CARRIER SERVICES","PART 64—MISCELLANEOUS RULES RELATING TO COMMON CARRIERS","Subpart J—Recovery of Investments and Expenses in Regulated Interstate Rates"],"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":"709d3c19f0159b1e56d32ce96ed3385e0fc50055a8827e6a92e4d810425c7837","source_id":"us-cfr","stale":true,"prev":"us/47-cfr-64.1001","next":"us/47-cfr-64.1100"},"notice":"GroundRules: Original legal text. Not legal advice."}