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using a common investment vehicle to invest in alternative assets, ending the use of high cost fund of funds to save Au240 million a year
The need for a state high cost fund is under constant review by regulators, legislators and big industry players, while at the same time a $100 million federal stimulus grant to connect unserved schools and libraries was awarded to a quasi-governmental entity.
A 2006 study of how the High Cost Fund actually distributed its subsidies revealed startling statistics.
Because of the difficulty in identifying common stock funds with superior performance, Bogle points out the importance of evaluating the costs of owning the fund and the drain on returns from owning high cost funds.
It allows a consumer living on one side of the street in rural Colorado to continue to receive High Cost Fund support while his neighbor on the other side of the street will not, simply because of the logo at the top of their telephone bills" said Jim Campbell, CenturyLink regional vice president for regulatory and legislative affairs.
At various times, he, major players in the telecom sector (like AT&T) and the FCC itself have referred to the access-charge mechanism and the high cost fund itself as a "subsidy.
5 million in annual payments from a California High Cost Fund (CHCF) pending future regulatory filings and determinations described below.
Mark Scheffel (R - District 4), SB-157 takes a discriminatory approach to regulatory reform by denying all High Cost Fund support to rural CenturyLink customers while guaranteeing ongoing increased support to all other customers of all other providers.