On July 10, 2012, USAC Chief Operating Officer Richard A. Belden filed a letter with the Federal Communications Commission, stating that USAC has identified an additional $650 million that can be carried over for distribution in subsequent funding years. Combined with the previously identified $400 million, USAC states that they should be able to carry forward a total of $1.050 billion, a figure which they believe “would be sufficient to make commitments at the 90% discount level for Priority 2 requests for Funding Year 2012.”