• FCC to Allow Auction Entry for Coops
  • June 9, 2016
  • Law Firm: Eversheds Sutherland (US) LLP - Washington Office
  • The Federal Communication Commission (FCC) has ruled that coops can have access to Connect American Funds (CAF), which are meant to promote broadband in rural areas. The FCC agreed, at the NRECA’s suggestion, that coops may satisfy the auction program’s technical qualifications by providing evidence of their capabilities to operate transmission or distribution systems. The FCC has also agreed to allow the National Rural Utilities Cooperative Finance Corporation to provide the letters of credit necessary for the coops to apply for the next program auction. The next CAF auction, which will be the program’s second, will have a pool of $215 million.