USDA Will Hit Deadline For Broadband Grants/Loans

RUS has funded 307 projects so far
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The USDA has yet to hand out all of its broadband
stimulus money, but will meet the Sept. 30 deadline, according to a
spokesman for the Rural Utilities Service (RUS).

RUS is handing out $2.5 billion in grants and
loans for rural broadband in unserved and underserved areas. It has so far
handed out $3.6 billion worth of buying power (counting investments leveraged
by the loans) to 307 projects.

The National Telecommunications & Information
Administration Monday finished allocating its portion of the original
$7.2 billion in funds.

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