Agency: Department of Agriculture – Rural Utilities Service

 

Description:

Direct loans for broadband infrastructure: broadband loans provide funding on a technology-neutral basis for financing: the construction, improvement, and acquisition of facilities required to provide broadband service, including facilities required for providing other services through the same facilities; the cost of leasing facilities required to provide service at the broadband lending speed if such lease qualifies as a capital lease under Generally Accepted Accounting Principles; and the acquisition of such facilities, under certain circumstances and with restrictions. For additional detail see 7 CFR 1738

Bill Section:

Division J

New or Existing:

Existing

Potential Cost:     

$74,000,000

Timeline:

Until expended.