The first wave can't be far off now. The FCC has approved a rollover of $450 million into FY 2013. Now there is more than enough to cover Priority One funding. So all we need is for the FCC to say, "Go!" and the first wave will hit.
There still isn't enough to cover Priority Two for 90% applicants, but we knew that would be a problem.
This is the first time since 2008 that the FCC has actually complied with Section 54.507(a)(3) of the Commission’s rules, which says that the rollover will happen in the second quarter. Of course, now they're looking at either a rule-bending second rollover, or have insufficient funds to cover Priority Two for 90% applicants.
But still, this is good news. Warm up your 486 generators; I smell FCDLs on the way.
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