Mo. Rev. Stat. § 620.2456 – Connect America Fund, no grants awarded — limitations on grant amount — limitations on grant requirements | Midpage
§ 620.2456
Mo. Rev. Stat. § 620.2456
Connect America Fund, no grants awarded — limitations on grant amount — limitations on grant requirements
Effective Aug 28, 2018(L. 2018 H.B. 1456 merged with H.B. 1872)
Viewing an earlier version · effective Aug 28, 2018View current
1. The department of economic development shall not award any grant to an otherwise eligible grant applicant where funding from the Connect America Fund has been awarded, where high-cost support from the federal Universal Service Fund has been received by rate of return carriers, or where any other federal funding has been awarded which did not require any matching-fund component, for any portion of the proposed project area, nor shall any grant money be used to serve any retail end user that already has access to wireline or fixed wireless broadband internet service of speeds of at least twenty-five megabits per-second download and three megabits per-second upload.
2. No grant awarded under sections 620.2450 to 620.2458, when combined with any federal, state, or local funds, shall fund more than fifty percent of the total cost of a project.
3. No single project shall be awarded grants under sections 620.2450 to 620.2458 whose cumulative total exceeds five million dollars.
4. The department of economic development shall endeavor to award grants under sections 620.2450 to 620.2458 to qualified applicants in all regions of the state.