On April 1st, RCRC submitted opening comments to the California Public Utilities Commission (CPUC) on the Loan Loss Reserve program, Phase 2A of the California Advanced Services Fund Proceeding. Established last year through Senate Bill 156 (Chapter 112, Statutes of 2021), the Loan Loss Reserve program provides funding to cover costs related to the financing of broadband infrastructure by a local government agency or nonprofit organization, including, payment of costs of debt issuance, obtaining credit enhancement, and establishment and funding of reserves for the payment of principal and interest on the debt. The State Budget provided a total of $750 million for the program over three fiscal years. RCRC full comments can be found here. For more information, contact RCRC Senior Policy Advocate, Tracy Rhine.
