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$130M At Risk As Invoice Deadline Looms

February 25, 2021 marks the invoice deadline for Funding Year 2019 recurring services, after an automatic 120 day extension granted by the FCC due to the COVID-19 pandemic.  With one week remaining before the deadline, there was $129,186,170.81 in committed funds that had yet to be disbursed.

More than 27,500 funding requests from applicants of all types currently report an invoice deadline of February 25, with approximately $776.5 million disbursed so far.  Applicants have also been requesting extensions of the February 25 deadline, with more than 6,000 funding requests reporting an invoice deadline of June 25, 2021 (120 days from February 25.)

Applicants and service providers are encouraged to review their funding requests and invoicing status to ensure that all available discounts have been requested.

Analysis
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