On November 1, 2013, the Universal Service Administrative Company (USAC) released their quarterly report for the first quarter of 2014. The Schools and Libraries Division (SLD) estimates that they have $400 million from previous years that can be carried forward into Funding Year 2013.
The SLD estimates that they can carry forward the following dollar amounts from these funding years:
- FY 2002: $40 million
- FY 2007: $20 million
- FY 2008: $20 million
- FY 2009: $50 million
- FY 2010: $270 million
On May 16, 2013, the FCC authorized USAC to carry forward $450 million in unused funds. This first set of rollover funds gave the SLD the ability to cover the $2.74 billion in Priority One requests filed by applicants for FY2013. The FCC needs to give the SLD the additional authority to use the $400 million in possible rollover funds to cover any additional FY 2013 requests.