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10 which elects to reduce its rates by six percent shall 11 not, at a later time, increase its rates for basic 12 communications services as a result of the carrier's 13 compliance with the board's rules relating to 14 unbundling. In lieu of the six percent reduction, and 15 prior to the adoption of rules relating to unbundling 16 pursuant to section 476.30D, subsection 4, paragraph 17 "a", subparagraph (1), the local exchange carrier may 18 request and the board may establish a regulated 19 revenue requirement in a rate proceeding under section 20 476.3 or 476.6 commenced after the effective date of 21 this Act. After the determination of the local 22 exchange carrier's regulated revenue requirement 23 pursuant to the rate proceeding, the local exchange 24 carrier shall not immediately implement rates designed 25 to recover that regulated revenue requirement. 26 Following the adoption of rules relating to unbundling 27 pursuant to section 476.30D, subsection 4, paragraph 28 "a", subparagraph (1), the local exchange carrier 29 shall commence a tariff proceeding for the approval of 30 tariffs implementing such unbundling. The board has 31 six months to complete this tariff proceeding and 32 determine the local exchange carrier's final unbundled 33 rates. The local exchange carrier shall carry forward 34 the regulated revenue requirement determined by the 35 board pursuant to the rate proceeding and design rates 36 that comply with the board's rules relating to 37 unbundling that recover the regulated revenue 38 requirement, and that implement the board's approved 39 rate design established in the tariff proceeding. 40 In lieu of taking the six percent reduction, a 41 local exchange carrier that submits a plan for price 42 regulation after the board adopts rules relating to 43 unbundling may file a rate proceeding under section 44 476.3 or 476.6 and the board may approve rates 45 designed to comply with those rules which allow the 46 carrier to recover the established regulated revenue 47 requirement and that implement the board's approved 48 rate design established in the tariff proceeding." 49 4. Page 11, line 17, by inserting after the word 50 "rules" the following: ", except for local exchange Page 2 1 carriers with less than seventy-five thousand access 2 lines which must file such tariffs within two years of 3 the effective date of this Act". 4 5. Page 11, line 46, by striking the figures 5 "(1), (2)," and inserting the following: "(2)". 6 6. Page 12, line 4, by striking the figures "(1), 7 (2)," and inserting the following: "(2)". Amendment H-3749 was adopted, placing out of order the following amendments, to amendment H-3610:
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