§64.1002. Investments and expenses.
47 C.F.R. § 64.1002
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):
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;
Tangible property not logically related or necessary to offering voice or broadband services;
Political contributions;
Membership fees and dues in social, service and recreational, or athletic clubs or organizations;
Penalties or fines for statutory or regulatory violations; and
Penalties or fees for late payments on debt, loans, or other payments.
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):
Personal benefits, such as gifts, housing allowances, and childcare, that are not part of taxable compensation;
Artwork and other objects that possess aesthetic value that are displayed in the workplace;
Aircraft, watercraft, and off-road vehicles used for work and work-related purposes;
Cafeterias and dining facilities;
Charitable donations;
Entertainment;
Food and beverage expenses for work and work-related travel;
Membership fees and dues associated with professional organizations;
Scholarships; and
Sponsorships of conferences or community events.
Notes, amendments, and revision history
Source
Source: 83 FR 18965, May 1, 2018, unless otherwise noted.
Authority
Authority: 47 U.S.C. 151, 152, 154, 201, 202, 217, 218, 220, 222, 225, 226, 227, 227b, 228, 251(a), 251(e), 254(k), 255, 262, 276, 403(b)(2)(B), (c), 616, 620, 716, 1401-1473, unless otherwise noted; Pub. L. 115-141, Div. P, sec. 503, 132 Stat. 348, 1091; Pub. L. 117-338, 136 Stat. 6156.
Source
Source: 28 FR 13239, Dec. 5, 1963, unless otherwise noted.