Issued: 07/18/2012
Pursuant to section 54.709(a)(3) of the Commission’s rules,1 on April 26, 2012, the Universal Service Administrative Company (USAC) submitted projections of demand and Administrative expenses for the federal Universal Service Fund for the third quarter of 2012. According to USAC's projections, $400 million in unused funds from funding years 2003-2010 is available to carry forward to increase disbursements to schools and libraries via the E-rate program, more formally known as the schools and libraries universal service program.3 In addition, while preparing projections of demand and administrative expenses for the federal Universal Service Fund for the fourth quarter of 2012, USAC identified another $650 million available to be carried forward, for a total of $1.050 billion in funding available for funding year 2012.4 Section 54.507(a)(3) of the Commission’s rules states that "[a]ll funds collected that are unused shall be carried forward into subsequent funding years for use in the [E-rate program] in accordance with the public interest and notwithstanding the annual cap."