476.99  Additional price regulation plan provisions.
  In addition to the provisions required in section 476.97, a local exchange carrier, prior to operating under price regulation, shall make provision for the following:
  1.  Reflecting in rates any changes due to changes in the average cost of the local exchange carrier resulting from the sale of an exchange in this state.
  2.  Encouraging modernization of the local exchange carrier’s telecommunications infrastructure. This provision shall include a requirement that the local exchange carrier develop and file with the board an increased modernization plan.
95 Acts, ch 199, §10