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Forty Days Left for $1.4B

August 29, 2023 is the BEAR and SPI invoice deadline for Emergency Connectivity Fund commitments from the first and second application windows that have not received an extension due to late post-commitment activity. As of July 21, 2023, more than $1.4 billion in ECF funding commitments with an August 29 deadline have yet to be disbursed:

Although committed funds for BEAR method funding requests are nearly double that of SPI method requests, service providers appear to be invoicing more consistently than applicants, with 66% of SPI commitments disbursed compared to 31% of BEAR commitments:

Of the total $1.46 remaining to be disbursed, $1 billion comes from FRNs which have had no disbursements so far:

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