1738.14—One-time priority for unfunded applications from the broadband pilot program.
(a)
Each application that was submitted and remains unfunded from the broadband pilot program will be given a one-time priority for funding for a loan under this part.
(b)
Each applicant will be given 30 days from the date of publication of this part in the Federal Register to resubmit a completed application in accordance with the provisions of this part.
(1)
First, where broadband service is not available to residential customers, as set forth in § 1738.11 of this part.
(i)
Completed applications will be funded on a first-in, first-out basis, as long as funds remain available in the applicable state's reserve.
(ii)
When the state reserve is not adequate to fund the next completed application on a first-in, first-out basis, RUS will consider subsequent completed applications for that state for funding on a first-in, first-out basis. All unfunded, completed applications will be carried forward for consideration for funding from the national reserve.
(i)
On January 1, 2003, after all new applications submitted under this part proposing to provide service where none is available have been considered under § 1738.15(b) of this part, all completed applications will be considered for funding on a first-in, first-out basis, as long as funds remain available in the applicable state's reserve.
(ii)
When the state reserve is not adequate to fund the next completed application on a first-in, first-out basis, RUS will consider subsequent completed applications for that state for funding on a first-in, first-out basis. All unfunded, completed applications will be carried forward for consideration for funding from the national reserve.