TJ York
Treasury Department Expects Majority of Capital Projects Funds Will Be Spent on Fiber
The director of the Department of Treasury’s Capital Projects Fund for broadband expansion projects in response to the coronavirus pandemic said that most dispensed funds will ultimately go towards fiber broadband projects. The Capital Projects Fund was established from the reserve of $10 billion dedicated to capital projects enabling work, education and health monitoring when President Joe Biden’s American Rescue Plan Act (ARPA) was passed in March 2021.