This is allowed to increase buying power by achieving a lower pre-discount price. Discount levels are summarized in the following table. Applications have been accepted by the program administrator. This will allow all potential providers to review and submit bids. A school must allow at least four weeks after its application has been posted before signing a contract for services.
Schools are responsible for paying the nondiscount portion of their services.
The fund administrator pays the discount to the provider upon proper notification from the school. Schools are also required to maintain appropriate records and to submit to random compliance audits. Services purchased under multiyear contracts are eligible for discounts but payments will only be committed for services provided in the current funding year. The FCC may determine that contracts negotiated previously can be eligible for that portion of services delivered during the 1997-1998 school year or later. Inc. All rights reserved.