1252.2 Motor carriers.

Commencing with reports for the first quarter of 1964, and thereafter until further order, each class I intercity motor carrier of property, as defined in 1240.5 of this chapter, subject to Part II of the Interstate Commerce Act, shall compile and file in accordance with Form PTR-M, Piggyback Traffic of Class I Motor Carriers of Property, statistics of piggyback transportation, as defined therein, used by such motor carrier in participation with railroads or with water carriers, or shall, as may be required, advise the Commission that it does not make use of such piggyback service. The report, on Form PTR-M, shall be filed in duplicate in the Bureau of Accounts, Interstate Commerce Commission, Washington, D.C. 20423, within 60 days after the close of the quarter to which it relates. The individual reports filed under this section shall not be open to public inspection.

(Secs. 204, 220, 49 Stat. 546, as amended, 568, as amended; 49 UB.O. 304, 820)

EDITORIAL NOTE: For an order issued by the Commission requiring quarterly reports to be filed on forms PT R-R (Rev.) and PT R-M (Rev.) as required by 1252.1 and 1252.2, respectively, beginning July 1, 1972, see 37 F.R. 7328, Apr. 13, 1972. 81252.3 Water carriers.

Commencing with reports for the first quarter of 1964, and thereafter until further order, each carrier by water subject to Parts I and III of the Interstate Commerce Act, assigned to class A, as described in § 1240.2 of this chapter, and each maritime carrier subject to Part III of such Act, shall compile and file in accordance with Form PTR-W, Piggyback Traffic Terminated by Class A Water Carriers and Maritime Carriers, statistics of piggyback transportation as defined therein, performed by such water carriers, either in all-water transportation or in participation with motor carriers of property, or shall, as may be required, advise the Commission that it does not perform such piggyback transportation service. The report, on Form PTR-W, shall be filled in duplicate in the Bureau of Accounts, Interstate Commerce Commission, Washington, D.C. 20423, within 60 days after the close of the quarter to which it relates. The indi

vidual reports filed under this section shall not be open to public inspection. (Secs. 304, 313, 54 Stat. 933, 944 as amended, 49 U.S.C. 904, 913)

§ 1252.4 Freight forwarders.

Commencing with reports for the first quarter of 1964, and thereafter until fur. ther order, each freight forwarder subject to Part IV of the Interstate Commerce Act, assigned to class A, as described in 1240.6 of this chapter, shall compile and file in accordance with Form PTR-FF, Piggyback Traffic Originated by Class A Freight Forwarders, statistics of piggyback transportation of railroads or water carriers used by such freight forwarder, or shall, as may be required, advise the Commission that it does not make use of piggyback transportation service. The report on Form PTR-FF shall be filed in duplicate in the office of the Bureau of Accounts, Interstate Commerce Commission, Washington, D.C. 20423, within 60 days after the close of the quarter to which it relates. The individual reports filed under this section shall not be open to public inspection. (Secs. 403, 412, 56 Stat. 285, 294; 49 U.S.C. 1003, 1012)

expenditures, including the basis for any apportionment of expense items to members.

§ 1253.20 Other records.

Each such organization subject to section 5a shall maintain: (a) (1) A file for each proposal relating to rates, fares, classifications, divisions, allowances, or charges (including charges between carriers and compensation paid or received for the use of facilities and equipment), or rules and regulations pertaining thereto, which shall contain the complete proposal, all procedural documents issued, protests, memoranda, amendments, reports, etc., submitted and any other correspondence respecting the matter proposed. Also reports or minutes of all proceedings at any oral, committee or public hearing held thereon and the determination relating thereto; (2) a file covering each petition or protest filed by the organization against tariff publications of a member for suspension of rates or other matters published for such member carrier; (3) a file covering each instruction or request for publication by independent action.

(b) All accounts and other records covered by this part shall be filed in such manner as to be readily accessible for examination by representatives of the Commission.

§ 1253.30 Retention of records.

Each organization subject to section 5a shall retain records or documents relating to its transactions or activities in accordance with Part 1220, Preservation of Records, of this chapter. [40 FR 50389, Oct. 29, 1975]

§ 1253.40 Reporting requirements.

All conferences, bureaus, committees, or other organizations, subject to section 5a shall file annual reports for the year ended December 31, 1959, and for each succeeding year until further notice in accordance with Annual Report Form RBO be filled, in duplicate, in the Bureau of Accounts, Interstate Commerce Commission, Washington, D.C. 20423, on or before March 31 of the year following the one to which it relates.

PARTS 1260-1269-VALUATION

NOTE: Forms prescribed in parts 1260-1269 are available upon request from the Office of the Secretary, Interstate Commerce Commission, Washington, D.C. 20423.

Corporate history and development of fixed physical property.

(b) All worksheets and other underlying support of data filed shall be retained by carriers in such manner that they may be readily verified.

§ 1260.2 Responsibility for filing data.

It shall be the responsibility of the carrier for which an initial valuation is to be found by the Commission to file the data prescribed by this order. This responsibility shall apply whether property included in the initial inventory is wholly or jointly owned and used, wholly or jointly owned but not used, or wholly or jointly used but not owned, or whether such property is a part of a "system" or otherwise. As used in these regulations, the term "agent operator" refers only to a carrier for which an initial valuation is to be found by the Commission.

§ 1260.3 Copies required.

The data referred to in § 1260.1 shall be filed with the Commission in an original only, and one copy shall be retained by carriers. However, copies of ACV Forms prepared by other than the filing carrier may be filed in lieu of originals.

§ 1260.4 Carrier and noncarrier property defined.

Carrier property is that which is used exclusively for common-carrier purposes.

Noncarrier property is that which is used exclusively for purposes other than those of a common carrier. Property held in anticipation of an indefinite future use, and property which is owned by a common carrier and is leased to other than a common carrier shall be reported as noncarrier property. Classification of property under this definition shall be consistent with the classification of property for accounting purposes. § 1260.5 Original cost defined.

(a) Original cost means the actual cost of construction or acquisition of property to the first person or corporation dedicating such property to public use. Interpretive examples of this definition follow:

(1) Where an entire property, or portion thereof, is acquired from another common carrier by purchase, merger, consolidation, or reorganization, the cost of the property, estimated if not known, to the vendor shall be construed to be the original cost of the property acquired.

(2) Where property which has not been previously dedicated to public use is acquired, the cost of acquisition to the vendee shall be regarded as the original cost of the property acquired.

(3) Where the actual cost of property acquired by lease from a noncarrier and placed in public use by a carrier is not obtainable, the estimated cost of such property, as of the date of the lease, shall be used as the original cost.

(b) Where estimated original cost is used it shall be prorated among the primary accounts on an equitable basis, and a notation shall be made that estimates were used, together with an explanation of the method employed in arriving at such estimates.

§ 1260.6 Reporting overhead expendi

tures.

To assure against the double inclusion of overhead in the determination by the Commission of the cost of reproduction new of the inventory of carrier property, overhead expenditures shall be reported separately under the caption "Overhead," in complete detail for each ac

count for each valuation section, and shall be reported on ACV Form No. 5 and on ACV Form No. 6 immediately following the last original cost amount stated on these forms in accordance with § 1250.100 and 1260.101. The term overhead, as used in these regulations, shall be construed as consisting of those expenditures incurred in connection with the construction or acquisition of property which were applicable to a period prior to the date that the property to which they relate was placed in operation. Examples of such expenditures are interest during construction, engineering cost, taxes on physical property, etc. § 1260.7 Reporting cost of organization.

Cost of organization shall be reported, in complete detail by category of expenditure, on a separate ACV Form No. 5 which shall be headed "Account No. 2 Cost of organization." The total of

amounts shown shall be reported on ACV Form No. 7 in accordance with instructions appearing in § 1260.102.

§ 1260.8 Valuation sections.

A valuation section is a geographical segregation of property within a state, and in no case may a valuation section extend beyond a state line. Separate valuation sections shall be established within each state for each group of property identified in the Uniform System of Accounts for Pipe Line Companies as "Gathering Lines," "Trunk Lines," and "General." Valuation sections so established shall be numbered and shall bear the corresponding identifying suffix G for gathering line property, T Crude or T Prods. for trunkline property, and Gen. for property classified as general. Jointly owning or jointly using carriers, and carriers wholly using property owned by others, shall assign their own valuation section numbers to property 80 owned or used. Mobile property servicing more than one valuation section of a state shall not be assigned to a valuation section but shall be reported as "Unallocated" for the state served. Mobile property servicing more than one state shall not be assigned to a valu

ation section but shall be reported as "Unallocated" for the carrier as a whole without state identity. Valuation section numbers and unallocated designations shall be decided by each carrier, subject to the approval of the Commission.

§ 1260.9 Auxiliary documents.

The following documents referred to in these regulations will be supplied by the Bureau of Accounts:

1947 Period Guide Prices and Annual and Period Indices.

Schedule of Element Codes and Guide Service Lives for Oil Pipeline Property.

ACV Forms No. 4, No. 5 and No. 6. § 1260.10 Assembling and numbering forms.

Related ACV Forms No. 5, 6, and 7 shall be associated, with ACV Forms No. 5 and 6 following ACV Form No. 7. ACV Forms No. 8 and 9 shall then be placed behind ACV Forms No. 5, 6, and 7. All ACV Forms thus assembled shall then be consecutively numbered in the upper right-hand corner. There shall also be shown in the upper right-hand corner of the ACV Form numbered 1 the total number of ACV Forms filed.

§ 1260.11 Amendments and deviations.

Only those amendments to or deviations from the regulations prescribed by this Order as may be directed by the Commission are authorized.

PREPARATION OF DATA

8 1260.100 ACV Form No. 5-Inventory of Property Other Than Land and Rights-of-Way.

(a) This is a multipurpose form designed to meet the needs of both the carriers and the Commission. Columns 1 through 7 shall be used by carriers to document the inventory. The remaining columns will be completed by the Commission.

(b) A separate ACV Form No. 5 shall be filed bearing the following statement which shall be signed by a responsible officer of the carrier, or agent, filing the data prescribed by these regulations:

The data filed pursuant to Valuation Order No. 29 have been carefully examined by

(d) Inventory data to be shown on ACV Form No. 5 shall be reported in summary form by kind of property within each account. By summary reporting is meant the grouping of property units having characteristics common to all such units. An example of summary reporting appears in paragraph (e) of this section.

(e) The number of units to be reported in column 6 of ACV Form No. 5 shall be governed by the applicability to such units of the identifying data shown in columns 1 through 5. Taking steel pipe as an example, the units of pipe to be reported in column 6 must be of the same construction, that is, either plain end or screw end, lap weld, electric weld, seamless, etc., and they must have the same diameter and weight in pounds per foot (all these identifications will appear in column 1); they must have been dedicated to public use in the same year (column 2); they must be inIcludible in the same element code (col

umn 3); they must have the same guide life years (column 4); and they will have a common unit of property, linear feet (column 5).

(1) ACV Form No. 5 shall be prepared by typewriter without interlineation as follows:

(1) Enter the date assigned for the valuation of the property on the line provided in the caption of the form.

(2) Carrier Property Noncarrier Property. Place an X in the appropriate block to identify the property being reported. (3) Account No. Enter the appropriate primary account number. When ACV Form No. 5 is used to report noncarrier property, the primary property account numbers used to report carrier property shall also be employed to facilitate the identification of such property. (4) State Val. Sec. Identify the state and the valuation section in which the property is located. Enter "Unallocated" when appropriate.

of

(5) Sheet No. Sheets. The use of this line shall be restricted to iden