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The US Department of Ag’s Rural Utilities Service (RUS) updated its rules for the current round of loan applications. The main highlights are:

 

 

  • The agency is revising its definition of ‘‘Broadband Service.’’ The speed to determine eligibility is 25/3 mbps for both fixed and mobile.  The  ‘‘Broadband Lending Speed’’ requirement  is that applicants must propose to offer new service at a minimum of 25/3 mbps.
  • $60 million is available for this round (nationally, not just for California. Also note that historically, little of this comes to California).
  • Loan minimum is 100K. The max is $20 million.
  • For more information, go to https://www.gpo.gov/fdsys/pkg/FR-2017-07-25/pdf/2017-15497.pdf