So while everyone is focusing on the start of the next funding year, June 30 is important for another reason: it's rollover time. Thanks to the Third Report and Order, Part 54.507 of 47 U.S.C. now says: "On an annual basis, in the second quarter of each calendar year, all funds that are collected and that are unused from prior years shall be available for use in the next full funding year."
The second quarter ends June 30th. But don't expect to hear a peep from the FCC. I've already predicted that the FCC will let unused funds pile up until it can carry over enough funds to cover all the Priority Two requests from 90% applicants for 2012-2013.
At the very least, look for the FCC to run out the clock for the first half, then go into the locker room at half time and try to figure out what to do about this funding shortage.
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