---
kind: "range"
citation: "47 C.F.R. §§ 65.700–65.701"
title: "47"
from: "65.700"
to: "65.701"
count: 2
url: "https://uscodex.org/cfr/47/65.700..65.701"
---

# §65.700. Determining the maximum allowable rate of return.

- (a) The maximum allowable rate of return for any exchange carrier's earnings on any access service category shall be determined by adding a fixed increment of four-tenths of one percent of the exchange carrier prescribed rate of return.
- (b) The maximum allowable rate of return for any exchange carrier's overall interstate earnings for all access service categories shall be determined by adding a fixed increment of one-quarter of one percent to the exchange carrier prescribed rate of return.
- (c) The maximum allowable rate of return for rates filed by local exchange carrier subject to [§ 61.50](/cfr/47/61.50.md) of this chapter, shall be determined by adding a fixed increment of one and one-half percent to the carriers prescribed rate of return.

# §65.701. Period of review.


For both exchange and interexchange carriers subject to this part, interstate earnings shall be measured over a two year period to determine compliance with the maximum allowable rate of return. The review periods shall commence on January 1 in odd-numbered years and shall end on December 31 in even-numbered years.