On December 17th the SLD released a FY 2005 funding wave committing $775,782. This wave affected eight applicants and three service providers. The SLD has committed over $2.1 billion in FY 2005 and still has $188 million pending.
On December 17th the SLD released a FY 2005 funding wave committing $775,782. This wave affected eight applicants and three service providers. The SLD has committed over $2.1 billion in FY 2005 and still has $188 million pending. The last FY 2005 funding wave was released on July 28, 2008. Based on information provided in the October 2008 USAC Quarterly Report to the FCC; the SLD has approximately 75 "potentially fundable" FY 2005 applications remaining.
Three applicants in this wave were denied due the result of a cost effectiveness review. In FY 2005, applicants lost over $5.6 million due to this rule violation. According to a Funds For Learning analysis, since 2006 applicants were denied over $21 million due to this regulation. During application review, the SLD will often ask for justification of the goods and services sought with E-rate discounts.
Further information about the cost effectiveness rule can be found on the SLD website.
To find out more about this week's funding wave, visit the Funds For Learning Wave Reports page.
