Credit Requirement Should Be Waived for Rural Broadband Experiment Funding
The FCC’s letter-of-credit requirement for rural broadband experiment funding recipients shouldn't be implemented for CAF, Phase II funding, NTCA said in comments posted Monday in docket 10-90. The organization had filed an emergency petition seeking a waiver of the RBE…
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requirement for an LOC from a “’top 100 bank,’” NTCA said. Those responding to the proposal have unanimously agreed the requirement should be changed and “should not be ported over” to CAF bidding, “if these programs are to have any chance for success,” NTCA said. The requirement is ”overly burdensome and impractical, if not impossible -- particularly for smaller entities obtaining relatively smaller awards,” the group said. A “deeper look at the specific track records of individual would-be CAF recipients is just as (if not more) important [as] any LoC obligations,” and a preference for funding should be given to those with a “demonstrated history of actual performance in or near the areas they propose to serve,” the group said.