Sec. 32.2002  Property held for future telecommunications use.

    (a) This account shall include the original cost of property owned 
and held for no longer than two years under a definite plan for use in 
telecommunications service. If at the end of two years the property is 
not in service, the original cost of the property shall be transferred 
to Account 2006, Nonoperating Plant.
    (b) Should a carrier desire to retain the property in this account 
for a period longer than two years, it shall request approval of this 
Commission. The request should include the property item in question, 
demonstrate that the waiver is in the public interest, and indicate, as 
precisely as possible, the additional time required for the property to 
be held in this account.
    (c) Subsidiary records shall be maintained to show the character of 
the amounts carried in this account.