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USAC Releases Quarterly Report

On November 4th, 2014, the Universal Service Administrative Company (USAC) released their quarterly report the First Quarter 2015. The Schools and Libraries Division (SLD) estimates that they have $600 million from previous years that can be carried forward into Funding Year 2015.  This is a $200 million increase since the previous quarter.
The potential carry over funds come from:
  • FY 2010: $320 Million
  • FY 2011: $280 Million

The FCC will determine at a later date how to use these unused E-rate funds.  The Quarterly Report can be viewed here.

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