Funding
New Treasury Rules on Broadband Funding Give Local Governments Flexibility on Spending
The rules will give Capital Projects Fund applicants authority to decide what’s ‘affordable, reliable, and unserved.’
CPF
The Capital Projects Fund, created in March 2021 under the American Rescue Plan Act, provides $10 billion through the U.S. Treasury Department to states, territories, freely associated states, and Tribal governments to support critical capital projects. It has invested heavily in broadband infrastructure to improve high-speed internet.
