Effective January 12, 2021, the Small Business Administration and the Department of the Treasury issued an Interim Final Rule concerning the Paycheck Protection Program (“PPP”). The rule applies to the second round of PPP loans under the Economic Aid to …
Telecom Coops
Coronavirus and Contract Obligations
By AHC Attorney Merry Luong
The Coronavirus (COVID-19) pandemic has caused a global disruption to businesses, causing many to temporarily close and lay off employees. As businesses assess the short– and long–term economic impact of COVID-19, …
FCC Probe Finds Mobile Carriers Didn’t Safeguard Customer Location Data.
The FCC is seeking more than $200 Million in fines from “one or more” cellphone carriers, among them AT&T and T-Mobile. Officials found the companies apparently violated federal law by failing to safeguard information about customers’ real-time locations.
The following …
New Law Fixes Tax Problem for Utility Cooperatives’ Grants
On December 20, 2019, the President signed into law the RURAL Act, H.R. 2147, which fixes an error in the 2019 tax reform law (Public Law 115-97). The error was expected to result in taxation of government grants, and Section …
Tax Reform Act Impacts Cooperatives, Part IV: Impact on Governmental Grants
Perhaps the most impactful aspect of the recent tax reform law is the change to the treatment of governmental grants. Many cooperatives qualify for governmental grants in furtherance of their community benefits, such as electric, telephone, and broadband service and …
Northwest electric coop sells telephone subsidiary to executive officers
Three executives of Eastern Oregon Telecom (EOT) announced in May they have purchased the internet and phone provider from its parent company Umatilla Electric Cooperative. EOT General Manager and CEO Joe Franell, CFO Paul Keeler and COO Richard Holbo, …
Cooperatives Should Review the FCC’s New Order Concerning Net Neutrality
Cooperatives provide high-speed broadband services in metropolitan and rural areas throughout the country. So they should pay attention to the Federal Communications Commission’s recent action affecting broadband service providers.
The FCC issued a ruling on the regulatory classification of broadband …
Rural broadband providers benefit from USDA Community Connect grants and loans
The United States Department of Agriculture (USDA) announced this month the recipients of over $200 million in loans and grants to bring broadband to hundreds of unserved and underserved rural communities. These awards, part of the Community Connect Program, are …
AHC Attorney David Cook Presents on Capital Credits and Cooperative Tax
AHC attorney David Cook will present at the National Telecommunications Cooperative Association’s Finance and Accounting Conference concerning two important topics for telecommunications and telephone cooperatives. He will discuss “Strategies for Managing Capital Credits” and “Handling Large Gains and Losses.” Here …
Fiber-Installation Contracts
As more and more cooperatives provide fiber internet to their members and customers, it may be helpful to review fiber-installation contracts with third-party installers. Attorney David Cook recently published an article in Rural Telecom, the magazine of NTCA – The …