E-Rate for FY 2023:
USAC issued Wave 19 for FY 2023 on Friday, September 1st, for $129 million. Total funding is now $2.14 billion. At this point, USAC has funded 93.0% of the originally submitted applications representing 73.5% of the dollars requested.
ECF for 2021-2023:
As is normal, USAC skipped a week of ECF funding last week. What was unexpected, and likely to benefit currently unfunded applicants, is that USAC appears to have processed $550 million in post-commitment funding reductions. This reduction should permit funding of all remaining Window 3 applicants, regardless of discount rate. It will also permit the FCC, as it just did, to approve waivers for certain late-filed ECF applications (see last week’s FCC streamlined decisions, discussed below).
Total commitments for all three ECF windows are now at $6.38 billion, down from $6.93 billion as was reported the previous week.