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The Universal Service Administrative Co. (USAC) said it would awa...

The Universal Service Administrative Co. (USAC) said it would award over $92.6 million to 3,352 school and library applicants as part of the 5th wave of year 2004 E-rate funding. It said the 5th wave of letters, to be…

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released today (Tues.), would notify the applicants of receiving funding for “priority one services” -- telecom services and Internet access -- for all discount bands of 20-90%. Funding for “priority two” services, such as internal connections will be issued after the discount level at which they will be funded is determined, it said. USAC said it had committed over $271.3 million in 16,005 letters for funding year 2004 and said it planned to issue additional funding year waves “regularly” until the process is complete. The FCC has set the funding limit for disbursement for funding year 2004 at $2.25 billion, but its rules allow it to carry forward unused funds from previous years, which the Commission may direct.