On May 9, 2020, USAC released the first wave of Funding Commitment Decision Letters for Funding Year 2020.  15,421 applicants were awarded a total of $680.7 million in FY2020 Wave 001.  This wave came only ten days after the close of the filing window, and was a record setting funding wave by all accounts:   
  • The most funding ever awarded in the first wave.
  • The largest funding wave ever recorded.
  • The highest percentage of applicants awarded funding in a single wave.
  • The highest percentage of requested funds awarded in a single wave.
  • The fastest a first funding wave has ever been issued.