The countdown is based on server time, which is currently:
USAC will move its banking services for the USF from its current banking institution to the U.S. Treasury. After the transfer, USAC will no longer accept payments to, or distribute funds from, its current bank account. Instead, USAC will process payments and distributions through the U.S. Treasury.
USAC is scheduled to transfer the Universal Service Fund to the U.S. Treasury in late April. Changes to the contribution and disbursement processes will happen on or after May 1. Please continue to pay USF invoices using the current process--to Bank of America. USAC will let you know when to begin remitting your payments to the U.S. Treasury.
After the USF is transferred to the U.S. Treasury, all contributions to the USF must be initiated from E-File. Therefore, you may need to add users ("preparers") to E-File, which only company officers can do. Watch this brief video on how to add a preparer to E-File.
This transfer will mean a few changes for those companies that contribute to the USF, service providers who participate in any of the four USF programs, and those schools and libraries who receive direct payments from USAC.
Beginning in the second quarter of 2018, these are the changes to the process for USF Contributors:
Beginning in the second quarter of 2018, disbursements will continue to be made via ACH payments; they will come from the U.S. Treasury instead of USAC's current banking institution. The ACH payments will be identified as coming from USAC as they are today. USAC will continue to operate the Universal Service Fund.
USF recipients will not be affected by this change and do not need to take any action.
All non-contribution payments to USAC, such as returned funds, COMADs (commitment adjustments), and program recovery payments, must be paid through www.usac.org/pay. USAC will not accept checks or wire transfers after the second quarter of 2018.
The exact timing of the transfer to the U.S. Treasury and training opportunities to be offered will be announced on this webpage.
Please email CustomerSupport@usac.org with questions, using the subject line "Treasury."