Direct Transfer High Cost Support Mechanism To Broadband Grant Recipients

The bill updates language regarding the use of money from the high cost support mechanism (HCSM) for broadband deployment grant applications approved by the broadband deployment board to have money transferred directly from the HCSM to approved broadband deployment grant applicants. The public utilities commission is directed to determine the amount of HCSM money available for broadband deployment and related administrative costs, and the bill requires that amount to be held in a separate account. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)