Clarification: Auction deposits paid to FCC by qualifying bidder...
Clarification: Auction deposits paid to FCC by qualifying bidders are held in interest-bearing account for 45 days and then deposits of successful bidders go to U.S. Treasury, under Communications Act. Interest borne by deposits from that 45-day window then…
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are transferred to Telecom Development Fund (TDF). Report on AEI breakfast meeting (CD March 12 p4) said interest from deposits still was being paid to TDF.