Rural Utilities Service July 25, 2017 – Federal Register Recent Federal Regulation Documents

Rural Broadband Access Loan and Loan Guarantee Program
Document Number: 2017-15497
Type: Notice
Date: 2017-07-25
Agency: Department of Agriculture, Rural Utilities Service
The Rural Utilities Service (RUS), an agency of the United States Department of Agriculture (USDA), announces the second application window for fiscal year (FY) 2017 for the Rural Broadband Access Loan and Loan Guarantee Program (the Broadband Program). Announcing a second application window within the current FY is a statutory requirement of the 2014 Farm Bill. This new procedure amends previous announcements related to this application window and is designed to improve loan application processing, better manage work flow, and encourage infrastructure investment and job creation in rural communities in need of improved broadband service. In addition to announcing this application window, RUS revises the minimum and maximum amounts for broadband loans for the second window for FY 2017. The agency has $115.2 million available in FY 2017 appropriated and carryover funds, and of this amount the agency expects that at least $60 million is available to fund applications received in this window. Further, the RUS typically solicits applications to under a Notice of Solicitation of Applications (NOSA) during the fiscal year. However, since a full year Appropriation Act for FY 2017 has been enacted, RUS is announcing the amount of funding currently available.