On August 2, 2018, the Universal Service Administrative Company (USAC) released their Quarterly Report with projections for the fourth quarter of 2018. USAC projected that $1.2 billion will be available to carry forward for FY2018. In a Public Notice released on August 17, FCC announced that “there is sufficient funding available to fully meet the USAC’s estimated demand” for FY2018 Category One and Category Two Applications.
Also, due to the FCC transferring USF to the U.S. General Treasury, USAC held “outreach calls” to companies that contribute to the USF, E-rate beneficiaries and other stakeholder groups to inform them of the new banking process in light of the changes.
The Fourth Quarter 2018 USAC Report can be viewed here.