First FY2012 Funding Wave to be Released on July 10
The SLD announced that on July 10, 2012, they will release the first Funding Year 2012 funding wave. The SLD will be committing $646 million for priority one services and over 23,000 funding letters will be issued. This will be the largest funding wave in the program’s history.
The SLD is currently committing all priority one applications for FY11 and are committing priority two funds at 89% and above. The SLD reviewers are still working on approving the remaining applications for FY10, which includes all priority one and priority two applications at any discount band. They had announced previously that they have stopped issuing regular 2009 funding waves and will release FCDL's as they get final approval.