04 NCAC 11 R17-03
(c) To the extent required, the establishment of the Universal Service Fund shall first require the evaluation of the definition of basic local exchange telephone services and the calculation of the subsidy required to support those basic local exchange telephone services which the Commission may decide are appropriate.
(NCUC Docket No. P-100, SUB 133, 7/19/95; 2/23/96; 9/21/00.)