iii. Disbursement of Payments
183. Tribal Mobility Fund Phase I support will be available for disbursement to authorized winning bidders in three stages, with the first disbursement made when the winning bidder is authorized to receive support. A recipient will be eligible to receive the second disbursement when it submits a report demonstrating coverage of 50 percent of the applicable coverage requirements of 47 CFR 54.1006. The report a recipient files for this purpose will be subject to review and verification before support is disbursed. A recipient will be eligible to receive the final disbursement when it submits a report demonstrating coverage meeting the applicable requirements of 47 CFR 54.1006. A party's final payment will be the difference between the total amount of support based on the population covered--i.e., a figure between the required 75 percent and 100 percent of the population--and any support previously received.
D. Default Payment Requirements
184. In the USF/ICC Transformation Order, the Commission determined that it would impose two types of default payment obligations on winning bidders: a default payment owed by
i. Auction Default Payment
185. Any winning bidder that fails to timely file a long-form application, is found ineligible or unqualified to receive
186. The Bureaus' experience in Auction 901 has demonstrated that this amount, which is well below the maximum allowable percentage, provides bidders sufficient incentive to fully inform themselves of the obligations associated with participation in the Tribal Mobility Fund Phase I auction and to commit to fulfilling those obligations, and yet is not unduly punitive. The Bureaus anticipate that such a requirement here should serve to deter failures to fulfill auction obligations that might undermine the stability and predictability of the auction process and impose costs on the Commission as well as higher support costs for USF. The Bureaus therefore adopt their proposal.
187. The Bureaus did not receive any comments on whether there should be an alternative methodology for calculation of an auction default payment, or whether an applicant should be required to furnish a bond or place funds on deposit prior to bidding. The Bureaus conclude that their adoption of an auction default payment calculated as five percent of the total defaulted bid will provide adequate protection against costs to the Commission and the USF, and therefore they find that establishing a bond or deposit requirement is unnecessary.
ii. Performance Default Payment
188. A winning bidder that has received notice from the Commission that it is authorized to receive
189. The Commission recognized in the USF/ICC Transformation Order that a
Deputy Chief, Auctions and Spectrum Access Division, WTB.
[FR Doc. 2013-22483 Filed 9-13-13;
BILLING CODE 6712-01-P
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