1. (a) An incumbent local exchange company may elect to make an infrastructure commitment and to be subject to corresponding regulation under this chapter if the company:

   1. (1) serves less than five percent of the access lines in this state; and
   2. (2) has not elected incentive regulation under Chapter 58.
2. (b) A company makes the election by notifying the commission in writing of the company's election.

3. (c) A company electing under this chapter may renew the election for successive two-year periods. An election that is renewed under this subsection remains in effect until the earlier of the date that:

   1. (1) the election expires because it was not renewed;
   2. (2) the commission allows the company to withdraw its election under Section 59.022; or
   3. (3) the legislature eliminates the incentive regulation authorized by this chapter and Chapter 58.

Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.

Amended by Acts 1999, 76th Leg., ch. 1212, Sec. 46, eff. Sept. 1, 1999.