Sec. 3502. Internet exchange facility grants
366 words·~2 min read·
/bill/117/s/745/is/section-3502A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Not later than 1 year after the date on which amounts are made available under section 3505, the Assistant Secretary shall award grants to entities to acquire real property and necessary equipment to— establish a new internet exchange facility in a core based statistical area in which, at the time the grant is awarded, there are no existing internet exchange facilities; or expand operations at an existing internet exchange facility in a core based statistical area in which, at the time the grant is awarded, there is only 1 internet exchange facility.
To be eligible to receive a covered grant, an entity shall— have sufficient interest from third party entities that will use the internet exchange facility to be funded by the grant once the facility is established or operations are expanded, as applicable; have sovereign control over the land or building in which the internet exchange facility is to be housed; provide evidence of direct conduit, duct, and manhole access to public rights-of-way; have a plan to establish security protocols for the internet exchange facility to prevent physical or electronic intrusion from unauthorized users; and provide other information required by the Assistant Secretary to protect against waste, fraud, or abuse.
The Federal share of the total cost of the establishment of, or expansion of operations at, an internet exchange facility for which a covered grant is awarded may not exceed 50 percent. The amount of a covered grant may not exceed $3,000,000. Not later than 1 year after the date of enactment of this Act, the Assistant Secretary shall establish rules and timelines for applications for— covered grants; and grants under section 3503. To prevent fraud in the covered grant program, the Assistant Secretary shall enter into a contract with an independent third party under which the third party reviews an application for a covered grant not later than 60 days after the date on which the application is submitted to ensure that only an entity that is eligible for a covered grant receives a covered grant.
Nothing in this section shall be construed to authorize the Assistant Secretary to regulate, issue guidance for, or otherwise interfere with the activities at an internet exchange facility.