USAC has announced that Priority 2 Commitments for FY2008 will now be funded at 87 % and Priority 2 Commitments for 2009 will be funded at the 80% discount level and above.
Applicants that applied for P2 funding at the 87% discount level can expect to receive decisions within the next few weeks. The decision to fund at the 87% discount level will result in an estimated $148.5 million to fund P2 needs for 141 applicants.
The decision to fund at the 80% discount level for P2 requests for FY2009 is the lowest discount level funded for P2 since FY2003 when the P2 funding level dropped to 70%. The 80% discount level will result in an estimated $1.3 billion for internal connections and basic maintenance requests.