Plain English Breakdown
The exact criteria for which companies qualify as Tier 2 local exchange companies must be found in other laws referenced by this bill.
HB998: Allowing Some Phone Companies to Choose Rate of Return Regulation
This law lets certain Tier 2 local exchange telephone companies choose a specific type of government price oversight and removes time limits on some fund payments.
What This Bill Does
- Allows certain Tier 2 local exchange companies to elect rate of return regulation if they wish.
- Removes the current limit on how long distributions can be made from the Universal Access Fund.
Who It Names or Affects
- Certain Tier 2 local exchange telephone companies in Georgia.
- The Universal Access Fund used for telecommunications support.
Limits and Unknowns
- The official summary does not explain the specific steps a company must take to make this election.
- It does not state which companies currently qualify as Tier 2 local exchange companies without checking other laws.