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USAC Projects $1.9 Billion Can Be Carried Forward to 2016 for E-Rate Program

The Universal Service Administrative Co. projects $1.9 billion will be available from past years to carry forward into funding year 2016 for the Schools and Libraries Support Mechanism, which funds E-Rate USF discounts, USAC CEO Chris Henderson told the FCC…

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in a letter Monday filed in docket 02-6. Of that amount, $1.36 billion is from funding years 2013 and before, $355 million is from funding year 2014 and $188 million is from funding year 2015, Henderson said.