Distance Learning, Telemedicine, And Broadband Program: Broadband Loans

Agency NameDepartment of Agriculture
Funding Amount$74,000,000.00
Bureau Name Rural Utilities Service
Funding Mechanism Direct Loan
New? No
Funding Mechanism Direct Loan

Funding Amount Notes

Period of Availability Available until expended
Recipients Corporation; Limited Liability Company; Cooperative or Mutual Organization; A State or Local Unit of Government; Tribe or Tribal Organization Individuals and Partnerships Are Not Eligible.
Program Description The Rural Broadband Access Loan and Loan Guarantee Program (Broadband Program) makes loans and loan guarantees to finance construction, improvement, or acquisition of facilities and equipment needed to provide high speed broadband service in eligible rural areas.
Eligible Uses Broadband infrastructure: broadband loans provide funding on a technology-neutral basis for financing: the construction, improvement, and acquisition of facilities required to provide broadband service, including facilities required for providing other services through the same facilities; the cost of leasing facilities required to provide service at the broadband lending speed if such lease qualifies as a capital lease under Generally Accepted Accounting Principles; and the acquisition of such facilities, under certain circumstances and with restrictions. For additional detail see 7 CFR 1738
Statutory Location Division J, Title I
Federal Cost Share Requirement No non-Federal cost share required