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USDA Will Hit Deadline For Broadband Grants/Loans

The USDA has yet to hand out all of its broadband
stimulus money, but will meet the Sept. 30 deadline, according to a
spokesman for the Rural Utilities Service (RUS).

RUS is handing out $2.5 billion in grants and
loans for rural broadband in unserved and underserved areas. It has so far
handed out $3.6 billion worth of buying power (counting investments leveraged
by the loans) to 307 projects.

The National Telecommunications & InformationAdministration Monday finished allocating its portion of the original$7.2 billion in funds.