What does USAC stand for?

The program, created as part of the federal Telecommunications Act of 1996 and managed through the Schools and Libraries Division of the Universal Service Administrative Company, provides assistance for eligible schools and libraries to obtain affordable telecommunications services and Internet access.

The Fund is overseen by the FCC and administered by the Universal Service Administrative Company ("USAC").

The Universal Service Administrative Company (USAC) operates the E-Rate program for the FCC.

The private company appointed by the Federal Communications Commission to disburse the congressionally mandated funds - the Washington-based Universal Service Administrative Company (USAC) - has failed to make the funds available for more than 14 months and has failed to provide any reason for withholding them, despite numerous urgent requests for an explanation, according to Navajo leaders.

The exemption temporarily allows the Universal Service Administrative Company ("USAC"), which administers the USF, to follow generally accepted accounting principles rather than government accounting principles as the FCC had directed.

They also called for an explanation for why approved E-rate federal funding for Internet access service is being withheld by Universal Service Administrative Company (USAC) and what steps need to be taken for release of the funds.

The Schools and Libraries Program of the Universal Service Fund, commonly known as "E-Rate," is administered by the Universal Service Administrative Company (USAC) under the direction of the Federal Communications Commission (FCC), and provides discounts to assist most schools and libraries in the United States to obtain affordable telecommunications, internet access and associated networking infrastructure.

Business Editors/Education Writers/High-Tech Writers HOUSTON--(BUSINESS WIRE)--March 29, 2004 I-Sector Corporation (AMEX:ISR) announced today that the Schools and Libraries Division of the Universal Service Administrative Company has approved E-rate program funding for the large Texas public school district that the Company referenced in its recent financial results press release and related outlook statement.