Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-18-1207. Rural Broadband I.D. Expenses Trust Fund Grant Program--Additional funding available

(1) Institute for Digital Health and Innovation of the University of Arkansas for Medical Sciences;

(2) Governor;

(3) Legislative Council or, if the General Assembly is in session, the Joint Budget Committee; and

(4) Joint Committee on Advanced Communications and Information Technology.

(b)(1) If an award is made by the United States Government, additional funds shall be disbursed to the local entity as a grantee or awardee, as the grantee designates, to initiate the broadband development project.

(2) The additional awards shall be in the amount of two hundred thousand dollars ($200,000).

(3) It is anticipated that funds disbursed under this subsection shall defray expenses related to conclusion of the federal grant or loan, including without limitation the expenses of obtaining a letter of credit, a bankruptcy opinion, or eligible telecommunications carrier application expenses, as required by the federal grant or loan awarded.